Looking at a potential buy on this.
Price rejected at 4HR resistance level.
Price is currently sitting at the 50% fib level. We could see a deeper retracement to the 61.8 level before seeing a move up.
Nonetheless, in theory, price should travel to the 1.618 level.
Price rejected at 4HR resistance level.
Price is currently sitting at the 50% fib level. We could see a deeper retracement to the 61.8 level before seeing a move up.
Nonetheless, in theory, price should travel to the 1.618 level.
Trade closed: target reached:
Closing. D extension has been reached. 470 pip move in 30 days.
