AS YOU CAN SEE ON THE UPTREND IT HAS RETRACED TO 61.8% ON THE FIB INDICATOR
I WOULD EXPECT TO SEE THE UPTREND NOW CARRY ON WITH A CONFIRMATION CHECK AT 1.08400 AND A POTENTIAL BUY TRIGGER DEPENDING ON WHAT HAPPENS AT THIS POINT
SMALL TARGET PROFIT OF
1.08600
1.08800
AS YOU CAN SEE..
1. CONTRACTION PHASE
2. EXPANSION PHASE
3. AWAITING ON TREND PHASE TO BEGIN
SEEING HOW THIS PANS OUT TOMORROW ON THE BREAKFAST BREAKOUT I WOULD BE EXPECTING TO SEE THE PRICE MOVE BACK UP AND GIVE US A BUY TRIGGER OF 1.22148 WHICH IS IN LINE WITH THE AVERAGE PRICE LINE FROM THE CONTRACTION PHASE.
A TIGHT STOP LOSS JUST BELOW THE NEW LOWEST LOW
A...
