Timeframe: 4H
Confluences: On the 4H timeframe, price broke from a bullish TL, and now wanting to enter in on the retest of the broken TL, which is also in a bearish fib zone, and a BRC of a previous broken low. Also, on the daily timeframe, price is in a bearish market structure and has rejected from a bearish 50% fib and TL.
Confluences: On the 4H timeframe, price broke from a bullish TL, and now wanting to enter in on the retest of the broken TL, which is also in a bearish fib zone, and a BRC of a previous broken low. Also, on the daily timeframe, price is in a bearish market structure and has rejected from a bearish 50% fib and TL.