The black lines are by day.
The red lines of 4H.
The blue lines are peaks at 1H.
In this pair we can see lows and ups and lows and that is why we are in a bullish trend.
We use the fib retraction tool here so we can find an entry around 0.97527 and with the TP of 0.97992 which is our 4H line and our SL 0.97238 below our trend line of the day.
We have to be careful with retesting the resistance that we think will become a support.
Entry: 0.97527
TP: 0.97992
SL: 0.97238
The red lines of 4H.
The blue lines are peaks at 1H.
In this pair we can see lows and ups and lows and that is why we are in a bullish trend.
We use the fib retraction tool here so we can find an entry around 0.97527 and with the TP of 0.97992 which is our 4H line and our SL 0.97238 below our trend line of the day.
We have to be careful with retesting the resistance that we think will become a support.
Entry: 0.97527
TP: 0.97992
SL: 0.97238