After rejecting from 0.90480 on the Monthly we failed to break back down and consolidate for a while and then broke below the range,
However, a closer look at the weekly suggests that this may have been a liquidity grab and we failed to break lower and closed last week's range, making a HH and HL.
Daiky is also taking support and making HH and HL.
We can see the price retrace to 61.8 Fib level and respect it on H4.
Overall trend suggest a Long move.
However, a closer look at the weekly suggests that this may have been a liquidity grab and we failed to break lower and closed last week's range, making a HH and HL.
Daiky is also taking support and making HH and HL.
We can see the price retrace to 61.8 Fib level and respect it on H4.
Overall trend suggest a Long move.