My bias on this pair is long.
If im going to take a long position. I’d like for price to retrace to the 61.8 fib level giving Us a rejection confirming a 3rd touch on daily trend line/, 61.8 also lines up Nicely with daily resistance now turn support? If so that all could indicate bulls are still in control to get A push higher.
However if we break below structure and break trendline this trade becomes invalid.
(Price is at weekly trendline, wait for confirmation!)
If im going to take a long position. I’d like for price to retrace to the 61.8 fib level giving Us a rejection confirming a 3rd touch on daily trend line/, 61.8 also lines up Nicely with daily resistance now turn support? If so that all could indicate bulls are still in control to get A push higher.
However if we break below structure and break trendline this trade becomes invalid.
(Price is at weekly trendline, wait for confirmation!)