The global trend is clearly bearish (confirmed by the 100 EMA and the Daily timeframe), I will then be looking for a short trade.
On my trading timeframe (1H), price has broken the structure to the downside making a lower low, I am waiting for a better price for entry short and will wait for a retracement back to previous structure aligning with Fibonacci confluences (0.618 & 1.618 extension).
Any comments appreciated.
Keep it simple
Happy trading
On my trading timeframe (1H), price has broken the structure to the downside making a lower low, I am waiting for a better price for entry short and will wait for a retracement back to previous structure aligning with Fibonacci confluences (0.618 & 1.618 extension).
Any comments appreciated.
Keep it simple
Happy trading
