Price made a strong bounce off its daily ascending trendline, & price was showing a lot of pressure to support, showing that a strong move was to come. Now since price broke the counter trendline & is breaking back above resistance now, I will wait for a 4 hour candle close above this zone & a retest to the 61.8 fib level is where I will look to set my entry..
Trade with care! : )
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broken resistance now being respected as support
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A good entry on this pair would be a break of the 200 EMA (Black line). This is on the watchlist for next week, I closed my position before the market closes, & will look to re enter next week after further confirmation :)