Looking at the Daily TF we can see that the price is consolidating between 0.382 and 0.5 after a run to the downside. However, looking at the 4H TF, for us to catch the long trend we will either: 1- wait for the price to retrace to 0.382 Fibonacci level then place a long order with SL comfortably below that level. OR 2- we will wait for the resistance level of 134.700 to be broken then it will become a support and once the price retraces to the support we will place a long order as shown.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)