- 4hr lower high
- Multiple rejections of 0.618 level
- 1hr trendline broken with lower high
- showing formation
I have placed a conservative stop loss which is 50 pips.
- Profit Target 1 is the 125.00 which lines up with the daily trendline (outer structure).
- Profit Target 2 will be a lower low at the 4hr Fib 27% extension.