H1 timeframe, price rejected EMA18. Moving to a lower timeframe (M15) divergence buy is identified, HL spotted and price has broken previous structure. This suggests a bullish bias.
Price reacted at 88.6% and 78.6% of Fibonacci retracement, with dojis. Therefore, a buy trade is executed to target 0.8670 (TP)
Price reacted at 88.6% and 78.6% of Fibonacci retracement, with dojis. Therefore, a buy trade is executed to target 0.8670 (TP)
Comment:
Price hits target 0.8670