GALAUSD Monthly S/R| Higher Low Pull Back| .618 Fibaoncci|OB
Evening Traders,
Today’s second analysis – GALAUSDT- rejection from its Monthly S/R and is looking for a higher low,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Order Block support
- Key Swing Low
GALAUSDT’s immidate price action has found resistance from its Monthly level that is in confluence with the .618 Fibonacci, allowing for a bearish bias.
The immediate objective is the lower Bullish OB, this area has the .618 Fibonacci support and a key swing low
Holding this area will allow for a potential higher low, and a long position
Overall, in my opinion, GALAUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
Today’s second analysis – GALAUSDT- rejection from its Monthly S/R and is looking for a higher low,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Order Block support
- Key Swing Low
GALAUSDT’s immidate price action has found resistance from its Monthly level that is in confluence with the .618 Fibonacci, allowing for a bearish bias.
The immediate objective is the lower Bullish OB, this area has the .618 Fibonacci support and a key swing low
Holding this area will allow for a potential higher low, and a long position
Overall, in my opinion, GALAUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee