Price is currently at all-time highs right now which means it can be a great opportunity for SELLS (Bears).
We drew a Fibonacci from the most recent high to low and we can definitely see that right at the 61.80 level there was a Double Top and also right at the sell level from last month and also this month if you trade using Pivots.
Possible entry for Bears is at 0.9200, possible exit/take profit area is right around 121.4 (-21.40 %) and 138.2 (-38.20%) of the Fib that has been drawn.
We drew a Fibonacci from the most recent high to low and we can definitely see that right at the 61.80 level there was a Double Top and also right at the sell level from last month and also this month if you trade using Pivots.
Possible entry for Bears is at 0.9200, possible exit/take profit area is right around 121.4 (-21.40 %) and 138.2 (-38.20%) of the Fib that has been drawn.