After a massive bullish trend price hits strong resistance level of 1.89500. Placing the Fib I see the levels 78.6 and 61.8 tend to be very strong. Daily candle closure creates a wick (rejection) indicating a loss of momentum and weakness. Lastly, in the 4h price closes below highlighted zone and engulfs. Next daily closures will create the outlook for either a trend continuation or a new bearish trend and in this setup we're looking to take a sell
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Price has been consolidating between our resistance level and our 1.88687 level... Still waiting for the break to confirm the shortage on this setup.
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price has reached our last level of support above last highs, and could proceed down to 1.85500