Morning Traders!
Yesterday we were waiting to see if the price was going to break the H4 support level or bounce from there. It finally bounced and almost reached the 61,8% of fibonacci retracement level of the last bearish impulse.
If we have a look at the H1 candles It seems that the bulls are exhausted and bears are back. So i am expecting the price to reach the H4 support level (arround 148,300) to test it again.
I will be looking for sells in a M15 chart.
Good Trading Traders!
Yesterday we were waiting to see if the price was going to break the H4 support level or bounce from there. It finally bounced and almost reached the 61,8% of fibonacci retracement level of the last bearish impulse.
If we have a look at the H1 candles It seems that the bulls are exhausted and bears are back. So i am expecting the price to reach the H4 support level (arround 148,300) to test it again.
I will be looking for sells in a M15 chart.
Good Trading Traders!
Comment:
Price just reached 61,8% fibonacci retracement level. Will it bounce or will go higher?
