Timeframe: 15M
Confluences: 4H chart shows a bearish rejection from fibs + BRC of a support turned resistance. On 15M chart, we see a break of a support zone, and entered on the retest of this zone (although not necessarily a fib retest). Also EMAs and MA are clustering which should provide some resistance.
Confluences: 4H chart shows a bearish rejection from fibs + BRC of a support turned resistance. On 15M chart, we see a break of a support zone, and entered on the retest of this zone (although not necessarily a fib retest). Also EMAs and MA are clustering which should provide some resistance.