Rejection of Daily Trendline at 61.8% fibonacci retracement level (golden pocket)
Key Psycghological Level of 1.000 liquidity zone.
4hr fakeout, candle closed within the daily trendline, hourly pinbar to suggest further downside.
Entry on pullback to 38.2% fibonacci retracement level.
USD high impact news, either wait out stops to break even to minimise risk.
No rate cut with projection of 3 rate cuts this year could easily cause price to break above the trendline.
Key Psycghological Level of 1.000 liquidity zone.
4hr fakeout, candle closed within the daily trendline, hourly pinbar to suggest further downside.
Entry on pullback to 38.2% fibonacci retracement level.
USD high impact news, either wait out stops to break even to minimise risk.
No rate cut with projection of 3 rate cuts this year could easily cause price to break above the trendline.