M: Downtrend, broke through and retested
W: Downtrend, broke through and retesting
DAILY: Downtrend, hit -61.8 and consolidating at weekly level.
4H: Downtrend, retraced to 38.2, hit -61.8. Price is consolidating at a weekly level. RSI is Bullish
1H: Price has been ranging for the last few weeks at the weekly level. Bearish divergence.
CURRENTLY: On the minor structure, price is in a downtrend. It hit -61.8 at previous support. Reversed and retraced 100%.
I am looking for price the continue selling to -61.8 on the 1Hr fib, @ the 1hr trendline
(+35 pips)
W: Downtrend, broke through and retesting
DAILY: Downtrend, hit -61.8 and consolidating at weekly level.
4H: Downtrend, retraced to 38.2, hit -61.8. Price is consolidating at a weekly level. RSI is Bullish
1H: Price has been ranging for the last few weeks at the weekly level. Bearish divergence.
CURRENTLY: On the minor structure, price is in a downtrend. It hit -61.8 at previous support. Reversed and retraced 100%.
I am looking for price the continue selling to -61.8 on the 1Hr fib, @ the 1hr trendline
(+35 pips)