Fibs as support and resistance along with trendlines. This was draw using a higher timescale - I see a head and shoulders forming.
What we should see is consolidation at the 8.31 before a retest for support and breakthrough of resistance.
What we should see is consolidation at the 8.31 before a retest for support and breakthrough of resistance.
Comment:
Trade closed: stop reached:
Looks like back to the drawing board ! The bears weren't as strong as I thought they were.