Rally base drop supply zone. Price has moved away, formed a double bottom before returning to our zone.
Daily highs, Point of Control & 78.6 fibs
We would need to see price have a change in directional bias. We're currently uptrending but coming to such a strong point in the market, I can see a strong reversal targeting the fib extensions &...
Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
See previous post, such a nice short set up on EU.
After seeing a break out on the higher time frame was awaiting a pull back at re-test of structure which we now have.
I entered this trade after a double top on the 15min chart, with RSI divergence this is also right at strcuture and has hit the 50% fib retracement.
text- book trade very...