Price is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.54037
Why do we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.54366
Why we like it:
There is a pullback...
D1 - Price is moving at the top of the range and potential bearish divergence forming.
H4 - Price is at the top of the range where we also have a magnet zone. We also have a bearish divergence that has formed. If a reversal doesn't happen here then we may expect the price to move higher and reach the second magnet zone and a reversal to happen from there.
We...
