Long position towards monthly downtrend. 250+ pips
Bullish engulfing confirming bullish sentiment and bias along with ma's.
Along with the clear bounce off the 50% fib level and monthly support level towards 38.2% fib.
Price action at 38.2% will further confirm my position.
Bullish engulfing confirming bullish sentiment and bias along with ma's.
Along with the clear bounce off the 50% fib level and monthly support level towards 38.2% fib.
Price action at 38.2% will further confirm my position.
Order cancelled:
Trend line broken making the trade inactive.
Comment:
A reversal and short could be on the cards.
Patience is key. Find the right levels.