Wait for price to go to the red zone and also wait for candlestick formation to confirm the entry.
Price rejecting 4HR resistance + Daily head and shoulders formation + Daily 0.618 fib rejection.
Possible entry log.4HR SUPP + Third trendline bounce + 0.618 fibb level.If price makes a relief down to the red zone and rejects it and also rejects the trendline we could possibly see 111.396 to be reached.Wait for candelsticks rejection before entering.
Probably we will see a move up cause now price is making a relief and is respecting an ascending TL but we will have to see a rejection of the TL to go long or a brake and retest of the TL to go short.
Wait for confirmation on both directions.Enter after the retest.
Price respected the ascending channel and bounced from the bottom line.It is now heading to make a HH.We can se some relief and retrace down to 1217.100 and then go up with possible traget 1237.588 otherwise if we dont get the retracement we will look for brake and retest of the 4HR resistance to get a good entry long.