Price bounced on strong support tested over four times , RSI divergence showing a weakening bearish movement , break out of falling wedge after five count impulsive elliot waves , we might be at the first leg of corrective wave . For a buy at 0.0001118 , TP at 0.000119 (the 0.618 Fibonacci retracement of the last downward movement) and SL at 0.0001082 you get a RR ratio of 2
Price bounced on strong support tested over four times , RSI divergence showing a weakening bearish movement , break out of falling wedge after five count impulsive elliot waves , we might be at the first leg of corrective wave . For a buy at 0.0001118 , TP at 0.000119 (the 0.618 Fibonacci retracement of the last downward movement) and SL at 0.0001082 you get a RR ratio of 2