We have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act as resistance.
Looking at the hourly we've also reached a overbought condition. And to tie things up we have a nice round number in our favor - 114.000. Which also is my entrypoint!
Happy trading!
Looking at the hourly we've also reached a overbought condition. And to tie things up we have a nice round number in our favor - 114.000. Which also is my entrypoint!
Happy trading!
Trade active:
Target adjusted for A-D leg 38.2 fibo
Trade closed: target reached