We hold 0.618 Fib level(yellow circle) 46.80€ from the 53.35€(10 Jul 20) high and 36.20€(04 Sep 20) low also we rejected at 1.618 Fib level (yellow circle) 63.95€ From this point we made currently new lower lows.
I expect that we testing 0.618 Fib level (turquoise circle) 49.40€ and if we hold this zone my longterm target would be: 67.75€ 1.618 Fib level.
4H Chart:
1H Chart:
Sell Limit(Short): 61.10€ – 61.60€ (supply zone)
Take Profit-1: 51.95€ (Risk Reward Ratio: 4.7)
Take profit-2: 49.70€ (Risk Reward Ratio: 5.8) (demand zone)
Stop Loss: Above 62.85€(63.40€)
I expect that we testing 0.618 Fib level (turquoise circle) 49.40€ and if we hold this zone my longterm target would be: 67.75€ 1.618 Fib level.
4H Chart:
1H Chart:
Sell Limit(Short): 61.10€ – 61.60€ (supply zone)
Take Profit-1: 51.95€ (Risk Reward Ratio: 4.7)
Take profit-2: 49.70€ (Risk Reward Ratio: 5.8) (demand zone)
Stop Loss: Above 62.85€(63.40€)