Price has broken trend line
, formed head and shoulders
at the top of the trend line
right on the resistance, then broke neckline at 32,8 fib level. and also the support, support became the new resistance zone
. Price is retesting the resistance zone
and then will continue to finish its current trend down to the new support. Enter at 50 fib level stop loss on 32.8 fib level, take profit at support.
SL: 1.5060 (32 pips)
TP: 1.4924 (104 pips)