1D Timeframe: Correction
After an bearish impulse, the price is testing the 0.618 Fib level on 1D timeframe after a bouch from
The price is testing the 0.618 Fibonacci level on the 1D timeframe after a bouch from weekly's support
4HTimeframe: Impulse
The price is testing the 0.618 Fib level on 4H timeframe after a bounce from the local support (4h support at $1.35)
The trading plan:
If the price is going to breakout the descending trendline on 1D timeframe, and retest it as a new support, we will consider to set a nice order.
After an bearish impulse, the price is testing the 0.618 Fib level on 1D timeframe after a bouch from
The price is testing the 0.618 Fibonacci level on the 1D timeframe after a bouch from weekly's support
4HTimeframe: Impulse
The price is testing the 0.618 Fib level on 4H timeframe after a bounce from the local support (4h support at $1.35)
The trading plan:
If the price is going to breakout the descending trendline on 1D timeframe, and retest it as a new support, we will consider to set a nice order.