H4 time frame.
Structure: Descending channel.
After down to the 50-61.8 Fibonacci zone of the previous strong up move, divergence signals are now appearing.
It is likely that from this price zone will appear reversal patterns.
Wait for a buying opportunity when the price completes the reversal pattern or breaks the descending channel and has a confirmed by retest.
Profit target is 0.66000 zone.
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Wish you all have a good trading day!
Structure: Descending channel.
After down to the 50-61.8 Fibonacci zone of the previous strong up move, divergence signals are now appearing.
It is likely that from this price zone will appear reversal patterns.
Wait for a buying opportunity when the price completes the reversal pattern or breaks the descending channel and has a confirmed by retest.
Profit target is 0.66000 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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