We have good confluences with this pair: 1.The price is overextended, we can expect a correction. 2. Also the price is retesting a supply zone, where we can expect a rejection to the downside.
Where can we expect the rejection to happen?
If we take fibonacci from low to the high we can see that the .50 and .618 level is align with estructure. We can expect the price to retrace to one of this two zones.
PLEASE SUPPORT THE CHANNEL AND DON'T FORGET TO WATCH THE OTHERS ANALYSIS THAT I HAVE.
THANK YOU SO MUCH YOUR SUPPORT
Trade active
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The price action is looking good. The trade is currently in our favor.
THANK YOU FOR YOUR SUPPORT.
Trade closed manually
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The trade have been close manually. The reason being is because the price action started to consolidate above our target. But there is a really good chances for the price to reach the target.