On the daily chart the correction seems over, we will have confirmation when a bearish pattern will appear.
We are on 61,8% Fibo.
Furthermore the trend line, if you go back on the daily chart, has worked several times as dynamic support and resistance.
So i think the trend line could work again as dynamic resistance and will push down the price.
Leave me comment,...
AB=CD PATTERN, SEEMS A GOOD OPPORTUNITY TO BUY, THE STOP LOSS IS SO TIGHT, IF THIS TRADE DOESNT WORK, LOOK FOR ANOTHER OPPORTUNITY IN 1.618 FIB EXTENSION, BASE THE TRADE IN PRICE ACTION, CONFIRMATION CANDLES AND RSI
GOOD LUCK
LET ME KNOW WHAT YOU THINK :)
