Looking to enter short at current levels.
Few confluences at this point, head and shoulders formation and RSI divergence at the same time are pointing to high probability for short opportunity.
1. Horizontal resistance level
2. 62% fib retracement
3. Bearish Head and Shoulders
4. Bearish RSI divergence
Looking for price to move lower to test neckline at 108.00-108.50
Entry: 110.22
SL: 111.40
TP: 108.40
Few confluences at this point, head and shoulders formation and RSI divergence at the same time are pointing to high probability for short opportunity.
1. Horizontal resistance level
2. 62% fib retracement
3. Bearish Head and Shoulders
4. Bearish RSI divergence
Looking for price to move lower to test neckline at 108.00-108.50
Entry: 110.22
SL: 111.40
TP: 108.40