On longer timeframes (H4,D1) you see the strong downtrend.
Also price retraces quite reliable at the fibonacci levels.
So consider a sell if price breaks the minor resistance line. Then could either go down immediately or first a little bit, then retrace at 0.236 fibonacci but finally fall too.
The retracement at 0.236 fib. would just be one more confirmation to sell towards 1.3750.
Also price retraces quite reliable at the fibonacci levels.
So consider a sell if price breaks the minor resistance line. Then could either go down immediately or first a little bit, then retrace at 0.236 fibonacci but finally fall too.
The retracement at 0.236 fib. would just be one more confirmation to sell towards 1.3750.
