Strong Fib ratio confluence at a significant level of support/resistance. I will follow this pair closely, watching price action and checking out for RSI overbought levels if the market reaches the entry zone.
This time we moved to 4h chart as on the lower TFs is the 'fork' a little bit messy. Both 'forks' are showing a downtrend, so that's exactly why I am looking for short around the parallels drawn on the picture. I believe the red and blue parallels were broken only and still waiting for next retesting. It should be my entry, confirmed on lower TFs, with good...
