Weekly parallel channel being respected.
H4 M.A's getting closer for a potential crossover + break of the daily counter trend line (red).
H1 M.A's have already crossed down.
Short term target at the blue rectangle (H2 support) and a long term target at the 0% fib level or even at the -27% fib level wich matches with the trend line.
Stop loss above the 78,6% fib level.
H4 M.A's getting closer for a potential crossover + break of the daily counter trend line (red).
H1 M.A's have already crossed down.
Short term target at the blue rectangle (H2 support) and a long term target at the 0% fib level or even at the -27% fib level wich matches with the trend line.
Stop loss above the 78,6% fib level.