English
I´m going to make an analysis on a monthly timeframe looking for our market structure, we have all the HH and HL with at least 50% of our fibo retrament.
We take a look at the fibo retracement to see where could I take profits when the price breaks the last H and we found two interesting zones (-10% and -27%),
that is a rare way to use the fibo...
English
First of all, I looked at the market structure, we have a pretty clear bullish structure, the first HH and HL were OK in its structure without any debt.
Then, looking at the next HH and HL, we noticed that the price didn`t cover at least the 50% of our Fibo, so we still have a nice zone to keep an eye on it
for future bullish movements.
I used the fibo...
