Hi everyone,
The market is clearly showing an uptrend. I have marked the unmitigated zone, which is also captured by the Fibonacci retracement. If the price comes to that zone and shows some bullish movement, then we can go for a long position.
I always recommend using multi-timeframe analysis for better results. This will help you to identify the overall trend and the potential entry and exit points.
Happy trading and good luck!
The market is clearly showing an uptrend. I have marked the unmitigated zone, which is also captured by the Fibonacci retracement. If the price comes to that zone and shows some bullish movement, then we can go for a long position.
I always recommend using multi-timeframe analysis for better results. This will help you to identify the overall trend and the potential entry and exit points.
Happy trading and good luck!