Price has broken the structure to the downside and is retracing back approaching the previous structure resistance. The strong rally to the upside extended the RSI to the overbought area.
The area between the 0.786 and the 0.886 Fibonacci's zone looks interesting.
On the Daily timeframe the trend is bearish , so my bias will be bearish unless the market decide not to.
Do not hesisate to give me your feedback on this trade.
Happy trading.
The area between the 0.786 and the 0.886 Fibonacci's zone looks interesting.
On the Daily timeframe the trend is bearish , so my bias will be bearish unless the market decide not to.
Do not hesisate to give me your feedback on this trade.
Happy trading.
