On the 4H chart we possibly can receive a Head & Shoulders pattern as confirmation.
We want to see very corrective nature approaching our zone of interest or clear deceleration before considering a trade.
Our zone of interest would be the 78.60 Fib.
Clear Supply & Demand zone sitting around that region also.
As i have mentioned before this would be a 0,5% trade as we are still in an uptrend on the Daily chart.
We want to stay neutral of course and we want to anticipate on the situation.
A long set-up is possible also as nobody can predict the market.
If that's the case we want to see an impulsive break and corrective nature retest.
We want to see very corrective nature approaching our zone of interest or clear deceleration before considering a trade.
Our zone of interest would be the 78.60 Fib.
Clear Supply & Demand zone sitting around that region also.
As i have mentioned before this would be a 0,5% trade as we are still in an uptrend on the Daily chart.
We want to stay neutral of course and we want to anticipate on the situation.
A long set-up is possible also as nobody can predict the market.
If that's the case we want to see an impulsive break and corrective nature retest.