this kind of analysis is unusual for me to share, but i want to show how important could be having more reasons together as confirmation of your bias.
The black line correspond to a daily , that could turn into resistance now that's been broken. Not only do we have structure, we also have two different (equal measure move) completing right there. In addition, we can see three Fibonacci extensions lining up at the same spot.
Having all those reasons rises our confidence in this setup. With the structure's help i've outlined a zone i'm going to pay very attention to in order to find shorting opportunities in form of formations (in this timeframe and in the hourly).
I'll keep you updated.
If you have any question, please ask beneath.
Otherwise, see you in the next chart!
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM
If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw