If price rejects any of the fib levels (yellow lines) I expect price to continue further lower for the week after breaking out of the ascending channel, looking for entries during the beginning of the london session (green box)
~VWP
~VWP
Comment:
Price rejected the 50% fib level and i entered short with an initial target of 1.7700 and a stop of 1.7945
Trade active:
entry @ 1.79150
Trade closed: stop reached