Timeframe: Daily
Broke through a bullish long term TL, and is now retesting this broken TL (BRC). This retest also aligns with a bearish 61.8% fib level.
We can see a nice AB leg downwards off a long term resistance level, and now seeing the retracement (C Leg) forming here.
SL placed above the 78.6 fib level, and TP placed for good RR.
Broke through a bullish long term TL, and is now retesting this broken TL (BRC). This retest also aligns with a bearish 61.8% fib level.
We can see a nice AB leg downwards off a long term resistance level, and now seeing the retracement (C Leg) forming here.
SL placed above the 78.6 fib level, and TP placed for good RR.