Looking at the daily TF we can see that we started to see some Bullish momentum and since the price have been consolidation fo a while after a long run to the down side this indicates that traders have started to take profits. Now, looking at the 4 H TF we can see that the price have retraced to the 0.382 Fibonacci level plus it's at a strong resistance area. so our plan is either: 1_ wait for a breakout of the resistance 0.69400 and once the price retraces the resistance will become support we will go long. OR 2_ if the price got rejected by 0.69400 we will wait for it to reach the support level of 0.67700 then we will go long.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)