Description
⋅ The daily chart shows us a bearish engulfing candle, formed at this resistance line of 1.5780. So we might see a pullback into:
- TL ( 3rd bounce )
- Fib level(s) 38% ( or 50% )
- Zone of support ( where last higher high was formed )
It is here, that we want to go long again and fulfill the fib play and follow the uptrend