Monthy overall bearish trend but nice wick showing bullish reversal potential.
A closer look at the weekly shows that last week we had a bullish weekly close.
We were expecting a pull back atleast to the 38.20 level of the fib on the previous weeks' candle and then price respecting the level which it has done as we can we that we had a bullish previous day close. All our analysis and conditions at met. 10 ema over the 20 ema as well as macd is cut for long on H4. We are always looking for 1:3 and stops always just a tick below the 78 level of the fib. Buy limit set. Good luck to me and you i guess XD
A closer look at the weekly shows that last week we had a bullish weekly close.
We were expecting a pull back atleast to the 38.20 level of the fib on the previous weeks' candle and then price respecting the level which it has done as we can we that we had a bullish previous day close. All our analysis and conditions at met. 10 ema over the 20 ema as well as macd is cut for long on H4. We are always looking for 1:3 and stops always just a tick below the 78 level of the fib. Buy limit set. Good luck to me and you i guess XD