Good morning Traders
this morning we witnessed a bearish break after the head and shoulders formation completed.
the market retraced at 110.850 which is also at 0.382 on the Fibonacci retracement tool.
a double top formation has formed at 110.040
could we witness a downtrend trendline test at 111.093 which is 50% on the Fibonacci or break to 110.000?
this morning we witnessed a bearish break after the head and shoulders formation completed.
the market retraced at 110.850 which is also at 0.382 on the Fibonacci retracement tool.
a double top formation has formed at 110.040
could we witness a downtrend trendline test at 111.093 which is 50% on the Fibonacci or break to 110.000?