Bearish Retracement- 4 hr timeframe

Hi All,

This pair has broken the weekly ascending trendline, and is now in a descending trendline. On the 4hr timeframe, the pair is retracing at the 50% Fib retracement level which is a key area of resistance and support. Also, RSI confirms that the pair is over bought.

Happy trading :)



thttps://www.tradingview.com/x/SdjAv3je/ level.