Just an idea, im not in this trade myself just doing some analysis and will be interested to see how this one plays out.
Price action is definitely suggesting we will see some downside momentum with a few bearish candlestick formations throughout the timeframes ill wait for confirmation of the move before entering incase it breaks the outside return to form a new higher high although i do expect this to follow trend.
Profit target is at the 61.8 fib level which also lines up with previous support at the two shoulders of the inverse head and shoulders pattern i've highlighted.
Price action is definitely suggesting we will see some downside momentum with a few bearish candlestick formations throughout the timeframes ill wait for confirmation of the move before entering incase it breaks the outside return to form a new higher high although i do expect this to follow trend.
Profit target is at the 61.8 fib level which also lines up with previous support at the two shoulders of the inverse head and shoulders pattern i've highlighted.
Feragatname
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