-the projection in Daily shows a rejection level at 50% Fibonacci
-H4 the structure is bearish with lower highs and a crossing of EMAS 21 and 50
-H1 draw a Fibonacci in the last leg of the structure indicating rejection at 61.8%
ENTRY: first engulfin candle
TP: based on daily support level giving a 1:3 RR
SL 18PIPS
TP 57PIPS
-H4 the structure is bearish with lower highs and a crossing of EMAS 21 and 50
-H1 draw a Fibonacci in the last leg of the structure indicating rejection at 61.8%
ENTRY: first engulfin candle
TP: based on daily support level giving a 1:3 RR
SL 18PIPS
TP 57PIPS
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