On the Daily time frame price has made new lows and retested previous structure (blue box) which it seems to have found resistance at. Price also has other confluences in this area such as Fibonacci and round numbers. After a big rejection from this level price has made lower lows and most recently broken the counter trend line I had drawn out from the beginning of the week. Now that price has broken this level I am waiting for a confirmed retest in order to possibly find an entry on the continuation. SL above the highs TP1 the base of the Fib TP the extension of the FIB. Updates to come.
Komentar:
Seems to be a fake out will continue to look for entries