H4 time frame.
Structure: The uptrend was broken at Key level 113,000.
The price is retracing to the 50-61 Fibo zone of the previous down move.
At the price range of 114,000 - 114,400, waiting for a bearish reversal pattern to form, there may be selling opportunities.
Profit target is the price zone 111,700.
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Wish you all have a good trading day!
Structure: The uptrend was broken at Key level 113,000.
The price is retracing to the 50-61 Fibo zone of the previous down move.
At the price range of 114,000 - 114,400, waiting for a bearish reversal pattern to form, there may be selling opportunities.
Profit target is the price zone 111,700.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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