Looking for 4H timeframe it is obvious - the price was attemting 3 times to form a new high and actually did. However, it could not break the psycological level of 106.95. For this reason, we are looking to short from a 61.8 Fib level, keeping in mind: - risk-reward ratio 1.6 and risking no more than 2% of an account.
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.