This is Daily setup with Falling Wedge pattern. A potential price reversal to bullish trend if breaks out this Falling Wedge pattern.
Setup is as follow:
Expect price to fall into range of Fibo 0.5 - Fibo 0.382 levels. This would be Buy Area.
Price is then expected to reverse and go up making this area a swing Higher Low (HL).
SL Area is below Fibo 0.236...
H1 has indicated reversal with Double Bottom pattern.
Also shows bullish continuation with Falling Wedge pattern.
1st BUY option is to buy at support of Falling Wedge.
2nd BUY option is on the breakout confirmation of Falling Wedge.
There is a Gap on top of the Falling Wedge pattern. This will be the 1st TP.
2nd and 3rd TP is at Fibo level 50% and 61.8% respectively.