As you can see on the chart, there is nice FIBO cluster in 1275-1282 range. Measuring biggest 2015 year's waves and the last correction move, we get 1.272 + 1.618 +1.272 FIBO extensions, really strong resistance zone.
I mark it as next TP, where we should see strong market's reaction. Consider short from there.
Good luck everyone :)
I mark it as next TP, where we should see strong market's reaction. Consider short from there.
Good luck everyone :)