Sobhan1990

Sobhan1990

There are 2 possibilities here but both of them are upward, the difference would be in SL and risk/reward management in fibo 50 you could take profit and risk free

Sobhan1990

after trend break we need a upward movement it is possible that price only goes back to fibo 0.5 so be careful

Sobhan1990

after breaking the downward trend we expect market to comeback for a considerable amount

Sobhan1990

after breakout of the first zone, price will reach to the next one

Sobhan1990

when the lower zone is broken, price will reach the next one

Sobhan1990

we have an strong zone which price action against it would determine weather it goes up or down weather price goes up or down, it will continue its trend to the next zone

Sobhan1990

There is an strong zone with which price had contacts, also there is a trend line which price has brocken therefore there if price wants to continue its bullish move, after a pullback, it will touch the next zone