Looking for a long out fo the descending trend channel back up to test the weekly key level.
Fib retracement shows a 0.618 and a 0.5 in the area of the key level and also in line with a previous area of consolidation, where price was unable to break for some time. Weekly shows a downtrend so potential risk in terms of counter trend trading as this is not a strategy i am keen on.
Fib retracement shows a 0.618 and a 0.5 in the area of the key level and also in line with a previous area of consolidation, where price was unable to break for some time. Weekly shows a downtrend so potential risk in terms of counter trend trading as this is not a strategy i am keen on.