H1 time frame.
Structure: Short-term uptrend towards 74.00 price zone.
The 74.00 price zone is the confluence between the Fibo 50 and the downtrend line of the bearish structure on the 4-hour timeframe.
Here, waiting for the divergence signal to appear and the bearish reversal pattern to be completed, a selling opportunity can be found.
The profit target is the 62.00 price zone.
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Wish you all have a good trading day!
Structure: Short-term uptrend towards 74.00 price zone.
The 74.00 price zone is the confluence between the Fibo 50 and the downtrend line of the bearish structure on the 4-hour timeframe.
Here, waiting for the divergence signal to appear and the bearish reversal pattern to be completed, a selling opportunity can be found.
The profit target is the 62.00 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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