1) Double top formation on 4hr gives an indication of price rejection
2) Bearish engulfing formation
3) Once PA has broken 4hr trend line price to retrace down to 38.2% fib as TP01 thereafter 50% fib TP02.
2) Bearish engulfing formation
3) Once PA has broken 4hr trend line price to retrace down to 38.2% fib as TP01 thereafter 50% fib TP02.
Comment:
Take 50% profits & let the rest run set SL to Break Even