After a huge spike earlier this week naturally the market has sold off. We are looking for likely spots where the market will bounce. A great setup is at the 618 fib level where most likely buyers will be looking to enter. So far my technical have played out extremely well. and considering a drill results/update in a mid next week, we are looking for levels where market will hold out . Expecting buyers to enter around 0.95 cents for a target of 2-3+ pennies for good Risk Reward
Trade closed: target reached
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perfect setup and bounce at the 0.618 . This was a classic textbook trade. We are looking for an extension of around 0.25 to 0.3p. Momentum is now building as we have almost rallied 0.1 penny from the fib level.