D: Downtrend, Retraced 50%
4H: Downtrend. Retraced 50% and hit -27 on 4H FIB
1H: Downtrend. Retraced 50% and hit -27 on 1H FIB
CURRENTLY:
Because of the consolidation over the last few days, I'm looking to see what price will do once it comes back to the 1HR trendline, or previous support/resistance.
After retesting trendline, possibly continue long to -61.8 on 1 HR fib for a quick 60 pips
4H: Downtrend. Retraced 50% and hit -27 on 4H FIB
1H: Downtrend. Retraced 50% and hit -27 on 1H FIB
CURRENTLY:
Because of the consolidation over the last few days, I'm looking to see what price will do once it comes back to the 1HR trendline, or previous support/resistance.
After retesting trendline, possibly continue long to -61.8 on 1 HR fib for a quick 60 pips
Trade closed: target reached:
Now that price has come back to retest resistance as support, I am looking for it to go long again, to previous resistance / trendline