price retraced to 61.8% fib on Daily which would create 2nd shoulder if fall continues. also appears to be retest of previous upwards sloping trend-line break. tight stop loss on the 61.8% fib great Risk Reward
market created a lower high around the 0.8677 area then dropped would've been the best entry here however missed that and it has created a second lower high around 0.8625 - appears to have broken out of the support area of 0.8571 so expect it to drop further over the next week or 2 to around 0.8480- 0.8460
HAS BEEN SLOPING DOWNWARDS IN CHANNEL PATTERN. HIT RESISTANCE POINT AND CHANGED DIRECTION TO DOWNSIDE. LOOKING FOR ENTRY IF PRICE CAN BREAK BELOW THE UPWARDS SLOPING COUNTER TRENDLINE . EXPECTING TO FALL TO DAILY SUPPORT ZONE
