- First we will see the price develop back long to around 1.1046 ( fib 61.8% on hourly TF) - We see that the price nicely bounced of the 127.3% on the Extension I on the 4 hourly TF and exactly on the 161.8% on the daily TF. :) #confluence --> this was exactly as predicted in our previous signal where we had a 100% accuracy. (despite i drawed my SL incorrectly on my previous signal) - We expect ultimate price low on Extension I and Fib projection 200% on the 4 hourly TF. Which is around 1.0888. From that point we will use the retracements tool to examine the next trend.
We are now sitting on a point where trend could change after we reached target 1.0888. if we see more confluence on breach on multiple fib levels, we will continue selling within the trend. Write me a private message to answer all your questions.
Best regards Albert @240trade.com
Trade closed: target reached
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We have reached our long target! Best regards,
Now we will go short to hit our new targer 1.0888,