On the daily, I see that price was in an uptrend, It retraced to 38.2 on the daily fib and hit TP1 -27. Then, broke and retested the daily trendline for the sell.
On the 4HR, price was in a downtrend but broke and retested the 4HR trendline for the buy after it hit -27 on the 4HR fib... then came back to the monthly key level which also on the support/resistance area.
On the 1Hr, I see that price was in an uptrend and already hit -61.8 on the 1Hr Fib, which is also the previous resistance area AND the daily trendline.
I am looking to see if price will respect the daily trendline and reverse to touch the 1HR trendline, keeping with support zone (50 - 80 pips)
On the 4HR, price was in a downtrend but broke and retested the 4HR trendline for the buy after it hit -27 on the 4HR fib... then came back to the monthly key level which also on the support/resistance area.
On the 1Hr, I see that price was in an uptrend and already hit -61.8 on the 1Hr Fib, which is also the previous resistance area AND the daily trendline.
I am looking to see if price will respect the daily trendline and reverse to touch the 1HR trendline, keeping with support zone (50 - 80 pips)
Order cancelled:
Trade invalidated. price broke through resistance for the buy.