Following my previous 4H chart posted:
Taking a buy based on the 4H closing at the 78.6 fib and at the low of the wick to the left creating a head and shoulders formation after a double bottom at support.
We are very bearish atm for this pair but with the alignment of fib levels on the 4H chart posted seem too good to not try and trade.
I feel $16,500 has been respected as support and should see $18k again before we fill lose gaps around $10k.
Taking a buy based on the 4H closing at the 78.6 fib and at the low of the wick to the left creating a head and shoulders formation after a double bottom at support.
We are very bearish atm for this pair but with the alignment of fib levels on the 4H chart posted seem too good to not try and trade.
I feel $16,500 has been respected as support and should see $18k again before we fill lose gaps around $10k.