previous daily highs and lows in conjunction with fibonacci.

price struck the 1830 resistance area. rejected the zone and started coiling in the opposite direction.. 6th september offered us a narrow range day. drawing fibs on the daily high to the daily low of 6th day.. price opened at the 61.8 fib on 7th Sept and dropped and broke the previous daily low during asian session. a retest occured at london open and gave a clean 50 pip drop.