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drklunk
Jul 16, 2020 2:26 PM

Possible Pumps 1D Long

GBP/AUDOANDA

Description

Fib retrace from recent dump into daily supply block. I drew the fib and demand zones out about three or four weeks ago, so it seems to be holding. A full retrace is not likely but... we'll see.

Comment

Hunting for a long entry, shorted the recent pump on a 30min chart. Expecting a couple days of rise in price, another short retrace and, if it all works out, we'll see the first real push north.
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