H1 time frame.
Structure: Downtrend.
The Ascending channel retraces to the 50% Fibonacci zone of the previous downtrend and has a downward move to break the channel.
Wait for the retest signal to confirm the downtrend is back, then you can find selling opportunities.
Profit target is 1.26200 and 1.25300 price zone.
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Wish you all have a good trading day!
Structure: Downtrend.
The Ascending channel retraces to the 50% Fibonacci zone of the previous downtrend and has a downward move to break the channel.
Wait for the retest signal to confirm the downtrend is back, then you can find selling opportunities.
Profit target is 1.26200 and 1.25300 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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