M: Downtrend, broke and retesting for the buy
W: Uptrend, respecting the lows
D: Uptrend, broke and retested downtrend line
4H: Was in a downtrend, hit -61.8 and reversed for the buy
1H: Uptrend, no measurable retracement so far. RSI is bearish
CURRENTLY: Price is trending downward. Retraced 50%. I'm looking for price to retest previous support/resistance area, just past -61.8 on FIB
(~90 pips)
W: Uptrend, respecting the lows
D: Uptrend, broke and retested downtrend line
4H: Was in a downtrend, hit -61.8 and reversed for the buy
1H: Uptrend, no measurable retracement so far. RSI is bearish
CURRENTLY: Price is trending downward. Retraced 50%. I'm looking for price to retest previous support/resistance area, just past -61.8 on FIB
(~90 pips)
Trade closed: target reached:
Price reached -61.8 at previous support/resistance area. I'll be looking for BUYs now, expecting price to go bullish soon