Market always retrace in FIb levels step by step , 12 month last pullback was exactly from 61% fib now 50% fib is around 91.30 this could be a possible reversal point .
Once it will break 91.79 it will attract lots of traders to go short on $ and then a sudden reversal.
so from 91.79 to 91.30 could be the best possible bear trap. last day of month big bear candle and then boom back up.
+ classical example of making step by step retracement can be seen on daily tf,, first 50 followed by 38 and 23. they are smart money as they take measured moves.
If you like the analysis plz do like and comment. thank you
Once it will break 91.79 it will attract lots of traders to go short on $ and then a sudden reversal.
so from 91.79 to 91.30 could be the best possible bear trap. last day of month big bear candle and then boom back up.
+ classical example of making step by step retracement can be seen on daily tf,, first 50 followed by 38 and 23. they are smart money as they take measured moves.
If you like the analysis plz do like and comment. thank you