A quick setup, i like the look of this, we've had a break of structure on the daily on 4hr in terms of the short term up trend (& 50 EMA) which is initial bias of trend change. After the break we have consolidation, a break and retest of the $105k area.
The Fib is showing a possibility the markets could draw slightly higher before falling which would make sense, especially around a level of such significance as there is likely to be manipulation and market movers here.
Short term trend change to the downside is my bias and i'll look for entry only if the markets can fake a break out up to the 61.8% ($106,750) to be exact. Good RR possibilities with good targets around 1:6.5
Target levels around $100,800 and then again around $98,500. Again, no entry unless i see confirmation from Fib levels.
The Fib is showing a possibility the markets could draw slightly higher before falling which would make sense, especially around a level of such significance as there is likely to be manipulation and market movers here.
Short term trend change to the downside is my bias and i'll look for entry only if the markets can fake a break out up to the 61.8% ($106,750) to be exact. Good RR possibilities with good targets around 1:6.5
Target levels around $100,800 and then again around $98,500. Again, no entry unless i see confirmation from Fib levels.
Note
Crying that a didn't have a target set at $101,500. 
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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.