This currency has broken the descending trendline and made a massive move up quickly. then price slowed down and started to retrace to now in the 50% Fibonacci area.
currently the price needs to be watched if there is a breakout to the upside on h1, then buy order can be made.
or there is a possibility that the price will move deeper down in the 61.8% Fibonacci area before continuing the upward movement towards the 1.64 level
currently the price needs to be watched if there is a breakout to the upside on h1, then buy order can be made.
or there is a possibility that the price will move deeper down in the 61.8% Fibonacci area before continuing the upward movement towards the 1.64 level
Trade active:
Price close above resistance on h1. Im open position on 1.628
Trade closed: target reached:
happy trading everyone
