We are looking at a possible short position in the 4h chart, as price broke neckline support we are now looking for a retest to go short.
If price continues to go down and break .618 Fib. retracement we are also looking at a short position.
Keep always in mind that trades must only be active if price action confirms your entry.
If price continues to go down and break .618 Fib. retracement we are also looking at a short position.
Keep always in mind that trades must only be active if price action confirms your entry.
Comment:
Sorry for late update, there was false break-out of resistance, so we secured our balance and will wait for break-out and confirmation of .618 Fib. retracement