On 1HR structure, I can see that price was in a sharp uptrend, respecting the lows. Price passed TP 2 -61.8 on the 1Hr fib and is consolidating on a weekly level. There's divergence showing on the RSI indicating a possible downtrend.
I am looking to see if price will consolidate more on the weekly level then break and retest 1hr trendline and make its way down to the previous level of support.
Сделка активна:
This one is still consolidating on the weekly level