On the daily, I see that price was in a downtrend. Price has already hit -61.8 on a daily fib and made it’s way back close to the daily trendline. On the 4Hr, I see that price was in a downtrend but broke through the trendline for the buy. Price is consolidating at -27 on the 4H fib. On the 1HR, I see that price was trending upward respecting the lows, similar to the 4HR trend. Price hit -27 on the 1HR fib and is consolidating at previous resistance area . I am looking to see if price will retest resistance and break and retest the 1HR trendline for the sell to the next resistance (TP1) and then support area (TP2)
(50 – 80 pips)


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