Confirmation: Price just rejected the 4Hr SMA and retested the area we were expecting. Long opportunity 1:3 Risk reward.
The market has broken the correction structure that was forming on 1hour timeframe. As we can see from the top, the market has retraced and bounced off the 61.8 Fibonacci. Wait for Retest on MACD indicator for zero crossover for bearish flag continuation pattern. Trade with care:)