it has been rejecting supply area, looking to short down to the demand zone it could also rej and break above lets see what the market does there is BOS and new LL has been made but it can be fluke to sell. if i get a b/r of the current price support i might sell
Minor Structure B/R of a TL BOS>HH created Potential minor structure buy if it does not break below the last LL if it does then wait for retest and sell till the next zone
Downtrend potential sell to my Demand zone (1.89600) see how it reacts then potential buy, or if it B/R sell down to the 2nd demand zone. if it breaks above my TL look for buy opp.
Wait for Price action in this area for possible sell opp. 61 fib level Don't predict, react to it Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in...
risky trade trying to see if it pullbacks 1.86422 area for retracement to 61 fib level market can do whatever it wants so we do not predict but react to the market conditions. this said waiting for price action confirmation. again risky trade my posts are educational purposes, it is my analysis, not signals i do not guarantee anything just my view