price was bearish 4th tap tlbreak fib levels match up where price has rejected at between 1.82320 - 1.80732 hl forming, watching closely off market open for entry - swing trade !!
Price has rejected a demand area placing fibs im expecting price to retrace to 109.164 or near to the area
4h forming higher highs, expecting a pullback of some sort to the 106 region or an impulse and then an entry on the pull back to the base demand
also subjective trend line into play price has been far away from this line for a few days
Ideally i wouldn't enter with such a big stop loss but this is the range i'd be entering at.
waiting for more confluence of an early bullish movement, or possibly wait it out to see if it hits the trend line before returning up
*the market doesn't have to do what we think, so anything can happen but these are the two possibilities for a long*
