strong previous resistance around the 78.6% fib level which was a former resistance.
on the 8H charts this level has been tested but pulled back on 3 occasions, will be looking for a breakout from this area before entry but can still get a nice 1:2.5 risk reward from here.
Will all depend on market open and price action.
Should see some big moves around middle to the end of the week.
happy trading, peace !
can see there being some serious stop hunting both ways though before we see the genuine trends so protect your accounts
Thanks for your comment