Price is at Major Resistance
Price is at 0.618 fibo retracement
Bearish Rectangle (range) has been formed for over two weeks, as well as the RSI showing Divergence
Therefore a Short order can be place at current market price 64.53with SL @ 68.21, TP1 @60.22, TP2 @56.02. However, we can also be patient, thereby wait for a breakout to confirm entry.
Price is at 0.618 fibo retracement
Bearish Rectangle (range) has been formed for over two weeks, as well as the RSI showing Divergence
Therefore a Short order can be place at current market price 64.53with SL @ 68.21, TP1 @60.22, TP2 @56.02. However, we can also be patient, thereby wait for a breakout to confirm entry.