Price rejected #WEEKLY resistance before falling to #WEEKLY MINOR support.
Price Retraced to .618% #FIBONACCI level, #REJECTING 165.30 zone with a #WICK spike.
Price created a LOWER HIGH on #DAILY
Looking on the 4H, we can see a #BEARISH correction playing out.
I am waiting for a second wick rejection before entering a Short Swing to 160.00 level. Low Risk High Reward.
I am always open to hear other traders opinions so feel free to leave your comments below.
Price Retraced to .618% #FIBONACCI level, #REJECTING 165.30 zone with a #WICK spike.
Price created a LOWER HIGH on #DAILY
Looking on the 4H, we can see a #BEARISH correction playing out.
I am waiting for a second wick rejection before entering a Short Swing to 160.00 level. Low Risk High Reward.
I am always open to hear other traders opinions so feel free to leave your comments below.
Trade closed: target reached:
Day traders closed on 60 pips before reversal