After 5 months of downtrend we are could forming a green doji on montly time frame:
As we can see that the bulls are buying 0.618 (22.52€) and lower.
Latest monthly candle goes below 0.618. Had high sell presure but it holding and closed above 0.618 fib retracement.
For me its more an entry point as an longterm investment. Anyway if you want to trade this setup then you should take profit at 26€ and around 30€ – 32€.
Buy zone: 23€ – 22.50€
As we can see that the bulls are buying 0.618 (22.52€) and lower.
Latest monthly candle goes below 0.618. Had high sell presure but it holding and closed above 0.618 fib retracement.
For me its more an entry point as an longterm investment. Anyway if you want to trade this setup then you should take profit at 26€ and around 30€ – 32€.
Buy zone: 23€ – 22.50€
