Price rejected #WEEKLY resistance before falling to #WEEKLY MINOR support.
Price Retraced to .618% #FIBONACCI level, #REJECTING 165.30 zone with a #WICK spike.
Price created a LOWER HIGH on #DAILY
Looking on the 4H, we can see a #BEARISH correction playing out.
I am waiting for a second wick rejection before entering a Short Swing to 160.00 level. Low Risk High Reward.
I am always open to hear other traders opinions so feel free to leave your comments below.
Price Retraced to .618% #FIBONACCI level, #REJECTING 165.30 zone with a #WICK spike.
Price created a LOWER HIGH on #DAILY
Looking on the 4H, we can see a #BEARISH correction playing out.
I am waiting for a second wick rejection before entering a Short Swing to 160.00 level. Low Risk High Reward.
I am always open to hear other traders opinions so feel free to leave your comments below.
Trade closed: target reached
Day traders closed on 60 pips before reversal
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.