1) 6 hour candle will close with a long wick indicating buying is strong
2) On the weekly buyers look to be stronger as well, with bounces off the green trend line.
3) Price is probably going for the 1.075 price zone where it bounced off several times now
Enter on the 0.5 fib level of this 6 hour candle
Good trading all!
2) On the weekly buyers look to be stronger as well, with bounces off the green trend line.
3) Price is probably going for the 1.075 price zone where it bounced off several times now
Enter on the 0.5 fib level of this 6 hour candle
Good trading all!
Trade closed: stop reached:
Looked good initially, but it didn't manage to break