August 16 daily candle failed to close above 103.465
which is the high of August 14 Daily Candle.
Supported by a rejection of an old 4h-ob
+ old long-term trendline
Due to this, I'm expecting a retracement back to August 16 Daily low of 102.95
We are bearish short term.
Additional note.
If the weekly candle close below PV-week high @102.91
we should expect a further retracement to 102.77 around fvg daily area.
which is the high of August 14 Daily Candle.
Supported by a rejection of an old 4h-ob
+ old long-term trendline
Due to this, I'm expecting a retracement back to August 16 Daily low of 102.95
We are bearish short term.
Additional note.
If the weekly candle close below PV-week high @102.91
we should expect a further retracement to 102.77 around fvg daily area.
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