As we can see price move between upper trendline as a resistance and down trendline as a support,
in my opinion based on my technical analysis experience at least price should go to demand area / some people say orderblock. And when i measure high and low using fib retracement i see a ratio high probability at 61.8 % level.
This is just my opinion on this chart, leave a comment if i missing something so we can grow and improve together, don't forget to like and follow me :)
P.S : Not financial advice / signal purely educational purpose only
in my opinion based on my technical analysis experience at least price should go to demand area / some people say orderblock. And when i measure high and low using fib retracement i see a ratio high probability at 61.8 % level.
This is just my opinion on this chart, leave a comment if i missing something so we can grow and improve together, don't forget to like and follow me :)
P.S : Not financial advice / signal purely educational purpose only
Trade closed: target reached:
Nice setup!