R3 LRS 1878 SMC Supply Area - R2 MRS 1853 - R1 HRS 1839
S1 HRB 1827 0.0% Fibo H1 and Sma44 MN TF-S2 MRB 1814 Sma200 W1 TF-S3 LRB 1793 61.8% MN
SELL> 1939 - 1853 BUY> 1828 - 1813
FOLLOW UP
D1 On Death Cross
W1 On Support Sma200 / 1813
MN On Support Sma44 / 1827
MN On Resistance MACRO FIBO MN 50.0% / 1848
OBSERVATIONS: New month is carrying two major SNRs. One of them is aligned with H1 Fibo 0.0% at 1827 likely to retrace a bit. Price is still near Check Point 1853 in our W1 Mission 1808 Road Map. However other SNR has become a resistance at 1848 which was supposed to be a retracement area. If I include Dxy movement here, going high and high with fully negative data, it is totally an Algo controlled movement. Well trend is your friend so lets look more into sell rather taking a HRB at 1827. I will be waiting again for the price to meet Sma44 at any H1 fibo SNR. Retracement is always due so keep in mind, the more we deep we dive, more heavy is going to be a retracement.
S1 HRB 1827 0.0% Fibo H1 and Sma44 MN TF-S2 MRB 1814 Sma200 W1 TF-S3 LRB 1793 61.8% MN
SELL> 1939 - 1853 BUY> 1828 - 1813
FOLLOW UP
D1 On Death Cross
W1 On Support Sma200 / 1813
MN On Support Sma44 / 1827
MN On Resistance MACRO FIBO MN 50.0% / 1848
OBSERVATIONS: New month is carrying two major SNRs. One of them is aligned with H1 Fibo 0.0% at 1827 likely to retrace a bit. Price is still near Check Point 1853 in our W1 Mission 1808 Road Map. However other SNR has become a resistance at 1848 which was supposed to be a retracement area. If I include Dxy movement here, going high and high with fully negative data, it is totally an Algo controlled movement. Well trend is your friend so lets look more into sell rather taking a HRB at 1827. I will be waiting again for the price to meet Sma44 at any H1 fibo SNR. Retracement is always due so keep in mind, the more we deep we dive, more heavy is going to be a retracement.