USDSEK
Leave a like below as well as a comment if this is helpful, it is always much appreciated!
- On the 4H we can see that currently price action has successfully bounced from the top of the wedge it broke out of, finding support on the 0.618 level on our Fibonacci
- We can expect price to eventually break above the 0.5 level of the Fibonacci and potentially find it as a support zone before continuing on a bullish trajectory
- Keep in mind that the MACD is getting ready to shift above the 0 threshold allowing both the EMA and the Signal to cross, following suit with an upward trajectory as price action continues bullish
Order cancelled:
Never Presented Entry