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Beautiful market structure. Looking for buys, and after that will look for sells in 113. area. It would be a double top in D1 chart.
Here we see a daily trend line going downside but the price has been corrected and then it went bearish.
The price broke the last support, so now I would wait for a new resistance or a TL (trend line) retest for short entry to my 1.618 Fibb.
See W and M charts.
We can see a strong R (resistance) in W (weekly) chart and a upside TL (trend line) in W chart as well. The price touched five times that TL.
Now the price is on 0.618 of my Fibbonacci Retracement and we can see that the last W candle shows a long wick under 0.618 of my Fibb. My RSI 5 is at 82%.
The price could drop to 0.382 or even 0.236 and after that it'll go ...
Daily support broken, waiting for a retest and follow the trend. Let's see.
Restest 4h TL, retested 1D support (before it was broken).