We can see on W1 chart:
- first lower low (price should continue the decline)
- 0.61 fib retracement as resistance
- strong structure as resistance
Here on this chart:
- ema 200 as resistance
- bearish shark already triggered
- from EW perspective price is forming a corrective structure, possibly wave 4
I would enter short now expecting price will fail to hold above 2.000 (my broker does not have it!!, will change it soon)
Best regards.
-
- first lower low (price should continue the decline)
- 0.61 fib retracement as resistance
- strong structure as resistance
Here on this chart:
- ema 200 as resistance
- bearish shark already triggered
- from EW perspective price is forming a corrective structure, possibly wave 4
I would enter short now expecting price will fail to hold above 2.000 (my broker does not have it!!, will change it soon)
Best regards.
-