D1 - Price reached the critical zone formed by the fibo level and the resistance area and is currently moving lower.
H4 - Price reached a critical zone formed by the fibo level of the cycle and is currently moving lower, we have bearish convergence and currently it looks like a pullback is happening.
If the price moves lower and breaks below the 1.61186 level, we may then start looking for more bearish evidences in order to join the bears.
This sell setup is valid until the invalidation level (marked in yellow line) holds.
H4 - Price reached a critical zone formed by the fibo level of the cycle and is currently moving lower, we have bearish convergence and currently it looks like a pullback is happening.
If the price moves lower and breaks below the 1.61186 level, we may then start looking for more bearish evidences in order to join the bears.
This sell setup is valid until the invalidation level (marked in yellow line) holds.