Waiting the price retrace back to the 0.5 or 0.382 and watch for the price action! Aim the target on 1.618
XAUUSD 1m market structure and update to the previously posted analisis
Keeping it stupid simple. BTC/USD is on an uptrend, higher highs, higher lows / 50ma above 150ma above 200ma. Oversold on RSI. Bounce from previous resistance + 0.618 fib level Might pass the 10.000 level to 10250!
There are two important GAP’s marked on the chart green rectangle and red rectangle. These two are respected by market for quite some time. I think these two will play important role as the support if the pair will go up. Fibonacci retracement 61.8% level stopped losses. This pair might create some kind of cupandhandle formation in future. Let’s see what kind of...