I would like to wait for a confirmation to go for a buy/long position along the 78.60% down to the 100% Fibo level or I could aggressively buy market and stops would be just below the Previous Low which will serve as our support/demand zone or could do some top down analysis.
Targets are already projected in the chart as there are also potential formation of advance patterns and head and shoulders. Another bias we could have in the market.
I will update this from time to time. Enjoy and good luck!
Targets are already projected in the chart as there are also potential formation of advance patterns and head and shoulders. Another bias we could have in the market.
I will update this from time to time. Enjoy and good luck!
Comment:
If you have taken a long position. TP 1 is hit with almost 300 pips. Now with a floating 400+ pips on the RFT for TP 2 the very least.
Comment:
TP 2 was hit. if you have taken the bull setup. We now have a potential bullish Butterfly pattern.
Comment:
Take note that there could be a potential formation of head and shoulder.