Confirmations:
strong resistance at 61.8 fib level.
RSI nearly overbought
wait RSI to overbought to entry
wait for the retest of structure/double top(second peak doesn't close above the first peak, but the shadow of candle must touch the close of the first peak)
Or at least wait for Doji or pinbar candle formation.
Target:
retest of support or lower.
note:
price may go lower early before touching 61.8 if price failed to break the triangle.
Trade with care and stick to the plan!
strong resistance at 61.8 fib level.
RSI nearly overbought
wait RSI to overbought to entry
wait for the retest of structure/double top(second peak doesn't close above the first peak, but the shadow of candle must touch the close of the first peak)
Or at least wait for Doji or pinbar candle formation.
Target:
retest of support or lower.
note:
price may go lower early before touching 61.8 if price failed to break the triangle.
Trade with care and stick to the plan!