Daily is trending down with plenty of room to next level of support & the 4hr timeframe is showing strong bearish momentum.
Wait for a pullback into the 50% retracement level and then a momentum candle back in the direction of the trend before entering the trade.
TP at the 1.618 Fib level.
Good Luck!
Wait for a pullback into the 50% retracement level and then a momentum candle back in the direction of the trend before entering the trade.
TP at the 1.618 Fib level.
Good Luck!