Price approached the 0.5 - 0.618 zone from a previous bearish move. it now creates AO divergence 15M and if a break of structure happens (lower low in 15M, breaking 0.99118), then if it retraces to the premium area (0.718-0.886), we can Short.
Note
at 30M tf, rejection occurs at the premium levelTrade active
30 pips reached, TP at will. this analysis was successfulTrade closed: stop reached
75 pips reached hitting 0.98360 support level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.