Not a pair that I trade very often, but I couldn't resist to check it out anyway..
As you can see this pair is currently sitting at the 61.80% fib level on the daily chart and the next candle that farm is a very bearish hammer which is a really go signal for a potential short.
BUT then again I would still keep an eye for a pontetial swing to the 78.60% before it drops, I highly doubt it but I would hate to be wrong at the same time.
Best bet would be to wait for a confirmation to form before getting in.
Take profit areas are some very respected resistance/support areas.
As you can see this pair is currently sitting at the 61.80% fib level on the daily chart and the next candle that farm is a very bearish hammer which is a really go signal for a potential short.
BUT then again I would still keep an eye for a pontetial swing to the 78.60% before it drops, I highly doubt it but I would hate to be wrong at the same time.
Best bet would be to wait for a confirmation to form before getting in.
Take profit areas are some very respected resistance/support areas.