It is a good opportunity to short BTCUSD and reasons are as follows:
1.the 0.618RET of previous decline is at 718 level;
2.the 1.618EXT of previous rise is at 715 level;
3.the potential AB=CD is completing at 716 level;
4.the previous structure also works at this zone.
So short positions could be opened at 712-718 levels when price action is good at the PRZ.
SL:above 725
TP1:700
TP2:690 and further more
1.the 0.618RET of previous decline is at 718 level;
2.the 1.618EXT of previous rise is at 715 level;
3.the potential AB=CD is completing at 716 level;
4.the previous structure also works at this zone.
So short positions could be opened at 712-718 levels when price action is good at the PRZ.
SL:above 725
TP1:700
TP2:690 and further more
Trade active
Trade closed: stop reached