If price form a bullish candlestick signal we will look for a buy setup. Expecting level 1.618 will act as a support with the lower trend.
Our target will be 1.272 and around 0.618. Then we will wait for price to break or bounce from the upper trend line where our target is. Sl will be below 1.1618.
This setup up will be invalid if price continue to go downward breaking 1.618 and close below it.
Our target will be 1.272 and around 0.618. Then we will wait for price to break or bounce from the upper trend line where our target is. Sl will be below 1.1618.
This setup up will be invalid if price continue to go downward breaking 1.618 and close below it.