This is a new market for me. I want to try something on this markup - to just use basic support and resistance with Fibonacci levels.
So what we have here is a possible Head and Shoulder formation reaching down the the first TP (green rays) and then I expect some retracement to the entry point.
The lower portion, for a LONG trade, is what I expect the market to do if it indeed reaches that low. I am not going too much into detail since again I am using just basics.
So what we have here is a possible Head and Shoulder formation reaching down the the first TP (green rays) and then I expect some retracement to the entry point.
The lower portion, for a LONG trade, is what I expect the market to do if it indeed reaches that low. I am not going too much into detail since again I am using just basics.