Reason:
4 hour chart shows what looks like exhaustive buying as price looks like it is leaning over and could not break the prior swing high.
Strategy:
Rally up could be protected by 0.638. Stop will be placed beyond this price level.
Top of descending channel would coincide with approximately 705 fib retrace.
4 hour chart shows what looks like exhaustive buying as price looks like it is leaning over and could not break the prior swing high.
Strategy:
Rally up could be protected by 0.638. Stop will be placed beyond this price level.
Top of descending channel would coincide with approximately 705 fib retrace.