We have a possible pullback on a very well respected daily price reversal zone. Orange rectangle with red borderline. We also have bearish divergence on H1 and H4.
Possible targets: 1. Weekly Support (Pink horizontal line) 2. Orange rectangle with blue borderline, which corresponds to daily support zones + 1.272 and 1.618 fib extensions.
Wait for a clear trend breakout + Good PA confirmation, otherwise I wouldn't advice taking this trade.
All comments are appreciated!
Peace!
評論
Drop begun we should have re-entry opportunities on the way down!