Potential Setup as per the below
Bias – Bearish
The Dollar is strong currently so expecting this to continue bearish
Option 1 – Wait for price to retrace back to the 1hr OB, which also aligns around the 61.8 retracement level, adding extra confluence, then continue down with bearish momentum.
Option 2 – If price retraces back beyond the 1hr OB, see how price reacts in and around the 4hr structure point and looks for an opportunity to enter to take back to to the lows
Bias – Bearish
The Dollar is strong currently so expecting this to continue bearish
Option 1 – Wait for price to retrace back to the 1hr OB, which also aligns around the 61.8 retracement level, adding extra confluence, then continue down with bearish momentum.
Option 2 – If price retraces back beyond the 1hr OB, see how price reacts in and around the 4hr structure point and looks for an opportunity to enter to take back to to the lows