Looking at candle closed in the Daily Chart rejecting the 50 Fib Level, we could see a pullback scenario in the 4 Hr TF.
Possible move to the upside towards 50/61.8 fib level on the 4 Hr TF if the Manufacturing PMI data today come out positive.
We can monitor the key levels for a short continuation as long as there's no new highs form or breakout on the trend line.
Possible move to the upside towards 50/61.8 fib level on the 4 Hr TF if the Manufacturing PMI data today come out positive.
We can monitor the key levels for a short continuation as long as there's no new highs form or breakout on the trend line.
Trade closed: target reached:
Target reached. Closed the gap.