Folowing Market Structure and fib levels to find a good sell position
Market following Structure and respecting fib level for a sell scenario
The last low hasn't been broken so buy trades are still valid
If price breaks 1.08000 the trends changes to an uptrend. For now we still in an downtrend till 1.05000 before looking for a move up
Just a simple break and retest of market structure
Price created a new low after some momentarily consolidation and it bounced off the 0.65000 psychological level ....... So 'expecting price to retest of the 78.6 fib level and before it drops and the retest on the 78.6 fib level should also be accompanied by a bounce off the 200Ema to have more confidence and confluence to take the trade
If Price breaks above the 1975 and above that signifies the end of the down trend but if price rejects that area that is a very significant place to sell from till 1900