M: Downtrend, broke through and retested
W: Downtrend, broke through and retesting
DAILY: Downtrend, hit -61.8 and consolidating at weekly level.
4H: Downtrend, retraced to 38.2, hit -61.8. Price is consolidating at a weekly level. RSI is Bullish
1H: UPtrend, retraced to 61.8 and hit -27 so far. Price has been ranging for the last few weeks at the weekly level. Bearish divergence.
CURRENTLY: On the minor structure, price is in an uptrend, retracing to 61.8 and hitting -27.
I am looking for price to pull back a bit more and continue long to -61.8 on the 1Hr fib, near the 4hr trendline.
(~40 +70 pips)
W: Downtrend, broke through and retesting
DAILY: Downtrend, hit -61.8 and consolidating at weekly level.
4H: Downtrend, retraced to 38.2, hit -61.8. Price is consolidating at a weekly level. RSI is Bullish
1H: UPtrend, retraced to 61.8 and hit -27 so far. Price has been ranging for the last few weeks at the weekly level. Bearish divergence.
CURRENTLY: On the minor structure, price is in an uptrend, retracing to 61.8 and hitting -27.
I am looking for price to pull back a bit more and continue long to -61.8 on the 1Hr fib, near the 4hr trendline.
(~40 +70 pips)
Order cancelled:
No Trade entered. structure did not play out