M- showing loss of momentum, bearish candle couple months back, few pin bars since then.
W - LL LH rejected by 8ema, respecting channel
D- respected 61.8 fib level which was in con with top of channel and 3rd TL touch also lovely PA on daily.
target is 127 ext buffer 10530 which is in confluence with bottom of channel and also 61.8 fib level on daily from...
LH's LL's price broke to the downside of ascending TL and retested. confluence with 38.2 level. overall trend is bearish. i will enter on clean close below 8ema on 2hr TF.
1st target 1.2010
2nd target 1.1917
Monthly - Bullish engulfing off monthly support.
weekly -pinbar/reversal candle. showing exhaustion
Daily - broke 8ema shooting star formation off support.
4HR -bounced off 50% fib level. awaiting price to break and close over CTL
1st target on break of this CTL 0.76200
2nd target 0.7700
price is at the top of a descending channel with a previous 2 touches. momentum is also bearish on higher time frames, if AB=CD then high probability of price reaching 161.8 ext in accordance with harmonic structure. MA are in correct positioning and 127 and 161.8 ext are in confluence with previous major support levels on weekly time frame. Risk-reward ratio...