Hitting major daily support and major fib retracement 78.6% level
- Hitting a strong support zone on Daily/Weekly timeframes - Bullish Engulfing on 4Hr timeframe - Waiting for retracement to 1.294 area on 1Hr/30 Min timeframe hitting a 78.6% fib retracement level I believe price will hit the 1.336 area This is a long term trade idea with a Bullish bias
Looks like price dropped to 3 important zones. - Fib Retracement level of 78.6 % - Major support zone - Hitting major bullish trendline This is a long term/Swing trade Trade at your own risk with proper risk management