Price has nicely formed a head and shoulders pattern, which it broke down from, coinciding with a break of the rising trend line.
We could see price have a retracement to the structure zone, where the 38.2 Fibonacci level is at, and possibly retest the descending trend line as well.
With multiple confluences, this could turn out the be a great trade setup. Watch for bearish price action in the structure zone before any entries.
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