M= Market trending Downwards
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R and Long Term Fibbo Retracement Level of 38.2%.
E= Trade a pullback from the Fibbo Zone, wait for any rejection candle on an Hourly to Enter a Sell ( e.g Bearish Engulfing Candle)
E= Exit on the Next Fibbo Level or TP1
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R and Long Term Fibbo Retracement Level of 38.2%.
E= Trade a pullback from the Fibbo Zone, wait for any rejection candle on an Hourly to Enter a Sell ( e.g Bearish Engulfing Candle)
E= Exit on the Next Fibbo Level or TP1