Follow for more analysis.
1:4H/1H: Market in a bullish run making HH/HL.
2:Market broke previous HH and now retesting it at level 123.000.
3:Looking left 123.000 level has been holding the price strongly(in past).
4:Big bullish candle showing strong buyers in the market.
5:Market at 61% level of fibs(golden ratio).
6:Now let the market break structure on 1H TF as well for more conformation
7:Or let 123.400 minor level break on 4H TF or limit can be set at the level.
8:Wait for Bullish engulfing or pin bar or any strong candlestick pattern.
9:Setup may perform next week.
Note:this is not a signal, the purpose is solely for education and understanding.
:Trade at your own risk.
1:4H/1H: Market in a bullish run making HH/HL.
2:Market broke previous HH and now retesting it at level 123.000.
3:Looking left 123.000 level has been holding the price strongly(in past).
4:Big bullish candle showing strong buyers in the market.
5:Market at 61% level of fibs(golden ratio).
6:Now let the market break structure on 1H TF as well for more conformation
7:Or let 123.400 minor level break on 4H TF or limit can be set at the level.
8:Wait for Bullish engulfing or pin bar or any strong candlestick pattern.
9:Setup may perform next week.
Note:this is not a signal, the purpose is solely for education and understanding.
:Trade at your own risk.
Comment:
market will likely tap 38% fibs and pullback to 50% that is where many of you can find an opportunity to get long and ride the impulsive move.