price has previously reacted to this level it also broke it and has come down to retouch and looks to be resuming its uptrend ... stochastics confirm this as it is extremely oversold... it has also reached its daily range of around 70pips so would be expecting a retracement now anyway
Comments
totalbeginner
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I don't think that's a very good reason to go long, also since that was the friday close. Maybe wait and see how the opening market reacts?
NathanGittens
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agree im new to trading only 15 started learning from february... also noticed that when i drew fibonacci on the grid from the large movement that broke that level it clossed on a fibonacci level and it also overlaps this level