Hi traders, Price has broken to the downside and is likely to test the 0.618 fibonacci retracement (Daily), I am anticipating a retracement back to the previous support that became now resistance to get a better short entry price. I will also watch the RSI for an oversold condition to confirm the analysis.
Happy trading
İşlem kapandı: hedefe ulaştı
⋅
Yorumlar
AleksandrKorshunov
⋅
Nice chart analysis.
Niverto
⋅
Thanks Aleksandr, the more we keep it simple the better the clarity of the analysis.