I am seeing a potential short here, price has dropped nicely, breaking a trendline to the downside. We have retraced back to the 61.8% Fib level and you can see price is failing to break that (at this point), it's a holiday so who knows how this will shake out. That 61.8% Fib level lines up nicely with a previous resistance zone. Nice clean chart, clean entry, controlled risk, that's all we can do, the rest is up to you Mr. Market. 1% Risk, 2:1RR - Happy Trading!
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.