The 4hr is looking increasingly bearish. If it closes below 111.7 (and is a shooting star/Dark cloud formation), I would think it will go lower and target 109. The weekly and daily look bearish to me, so this trade would be with the trend.
4H Chart attached. The green is the uptrend and the yellow is the downtrend. (i am amazed at how perfectly they align with the fibs). If it breaks 111.23, I would probably add.
As usual, waiting for the close.
4H Chart attached. The green is the uptrend and the yellow is the downtrend. (i am amazed at how perfectly they align with the fibs). If it breaks 111.23, I would probably add.
As usual, waiting for the close.