A short Scenario is about to manifest itself
Price is getting close to the line connecting the highs So first Hindrance in price way up is there.
If we draw a Fibonacci extension. The level 1.618 is spotted very close to same Line connecting the Highs.
Last but not least we have a possible bearish divergence case which with candle confirmation can lead to bearish move.
If we draw a Fibonacci extension. The level 1.618 is spotted very close to same Line connecting the Highs.
Last but not least we have a possible bearish divergence case which with candle confirmation can lead to bearish move.
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Still Trying The Resistance