Timeframe: 1H
Confluences: On the 1H chart, price is at a bearish fib zone + a BRC of a support turned resistance + near a bearish TL. On the 4H chart, there is 50 EMA resistance, plus 21 EMA is converging with 50 EMA in a bearish manner.
Confluences: On the 1H chart, price is at a bearish fib zone + a BRC of a support turned resistance + near a bearish TL. On the 4H chart, there is 50 EMA resistance, plus 21 EMA is converging with 50 EMA in a bearish manner.