Hello traders. With the price reaching the level of 61.8% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
Price is showing some rejection. I need to see a stronger bearish candle to signal more sellers in the market to push price down.
Looking for a break + retest of the 85.50 area to the downside to take price 84.40 and lower.
Possible start to a downtrend.
Price has been bullish for the last 6 six days and broke through a supply zone and found rejection around 84.40.
If price falls below Daily Supply zone there could a lot of sellers coming in the market to push price down.
Still bullish on rsi . Need to get a strong bearish candle printed to confirm trend change. Aussie has been very bullish on this pair .
will...
