Farnazeft

Farnazeft

The main trend is Bearish in Higher TF (Daily) In trading TF we witness a resistance zone that price can not break it. and also the entry is top of bearish channel, so GO SHORT!

Farnazeft

We are witnessing an ABC pattern. It seems the trend will touch D (61.8 level of fibo ) and from there we will see a downtrend to the E (CD extensoin 1.272) This level will be a strong signal for long position (Fibo projection ABE: level 1)