* Support level of 1.656 held well
* Price tested the level many times and consistently rejected and respected the 78.6% as they coincided with each other
* Price was squeezed on lower time frames and now expecting a move upward
* target is -27% level
* Price tested the level many times and consistently rejected and respected the 78.6% as they coincided with each other
* Price was squeezed on lower time frames and now expecting a move upward
* target is -27% level
Comment:
price did break down and hit SL, however, I believe the set-up is still there and we have just had an extra confirmation so I have reentered with and great RR of 7.97/1