If you know me then you also know Red is monthly fib, Weekly fib in blue and short term in Pink. You see gray fib, that's a big support, resistance whatever you want to say but that's the zone to look for.
Let's not fight the trend yet, it has gone fast to 131.85 and stalls there and everything tells me that it is way up to the trend line at 132-133. Now short term traders need to wait for any shorting . And people who trade 4 hours and 8 hours can happily ride from here to 132.5+ with a stop loss at around 131.20. What happens next, well as long as it does not touch 133.478, the resume to lower will start once but that is way too far for now.
Let's not fight the trend yet, it has gone fast to 131.85 and stalls there and everything tells me that it is way up to the trend line at 132-133. Now short term traders need to wait for any shorting . And people who trade 4 hours and 8 hours can happily ride from here to 132.5+ with a stop loss at around 131.20. What happens next, well as long as it does not touch 133.478, the resume to lower will start once but that is way too far for now.
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st