Hi traders,
Price has broken to the downside and is likely to test the 0.618 fibonacci retracement (Daily), I am anticipating a retracement back to the previous support that became now resistance to get a better short entry price.
I will also watch the RSI for an oversold condition to confirm the analysis.
Happy trading
Price has broken to the downside and is likely to test the 0.618 fibonacci retracement (Daily), I am anticipating a retracement back to the previous support that became now resistance to get a better short entry price.
I will also watch the RSI for an oversold condition to confirm the analysis.
Happy trading
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