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clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.
any comments or corrections would be appreciated.
clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.
any comments or corrections would be appreciated.
Comment:
you can also take a short on the 4hr for around 90 pips if the next few bars close bellow the support at 113.229 area
Comment:
then if this bounces off the support line and turns bullish take the long for new highs taking profit in zones
Comment:
check attached related idea
