Description
⋅ 4HR: Price is in a downtrend, respecting the highs. This is an aggressive sell only pulling back to 23.6 on the FIB.
1HR: I see that price is trending down; This is an aggressive sell, finally pulling back to 38.2 on the FIB.
CURRENTLY: I am looking to see if price will either:
1) make its way down to -27 on the 1HR FIB, then reverse break the 1HR trendline for the buy
OR
2) Break and retest current resistance for the buy back to previous support area
I will likely go for the buy once price hits the -27 and breaks the 1HR trendline
(100 - 130 pips)