Price will drop to at least 78% fib, grab the liquidity and then create a new HH on daily. Look for bullish confirmation candles once it drops.
This is just my opinikn.
Price is in an uptrend and now it’s just retracing the 60% level on weekly chart.
I will look for long opportunity at around 0.73800 and expect to form a new HH
This is my new trade idea:
I'm waiting for the price to reach 0.62750 (which is level 60 Fib on 4H time frame. After that, I expect the price to go down and form a new LL on daily chart.