Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish.
I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours.
So potentially enter around:112.75 TP1: 112.00 TP2: 110.00 SL: 113.50
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