Confluences:
-Daily timeframe respected first fib level
-Daily time frame's resistance has been broken and retested (lower blue zone)
-4H timeframe it's clear the break, retest and continuation
-DXY is bearish so pairs XXX/USD will go up
As of now I'd expect it to retrace to the 4H 38.2 level where I'll be triggered in.
Additionally it overlaps with the daily support level
-Take Profit will be the -61.8 extension level of the daily fibonacci (I'll take partial profits at 1.218 as it's a major zone.
-Stop loss will be under the 78.6 extension level of the 4H fibonacci.
-Daily timeframe respected first fib level
-Daily time frame's resistance has been broken and retested (lower blue zone)
-4H timeframe it's clear the break, retest and continuation
-DXY is bearish so pairs XXX/USD will go up
As of now I'd expect it to retrace to the 4H 38.2 level where I'll be triggered in.
Additionally it overlaps with the daily support level
-Take Profit will be the -61.8 extension level of the daily fibonacci (I'll take partial profits at 1.218 as it's a major zone.
-Stop loss will be under the 78.6 extension level of the 4H fibonacci.