Prices has completed it's first upwards impulse move, I'll be waiting for a retracement to the 0.5 - 0.618 fibonnaci tracement zone for a entry signal on the smaller time frame before taking a long.
Target is based on most recent high and length of the first impulse move (AB=CD). Stops below the 0.5 retacement.
Enter between 0.9885 - 0.9855
Stop loss 0.9830
TP 1...
Prices has succesfully broke above the previous start of the bearish move and also broken the descending trendline. Currently rising with high momentum.
I'm waiting for price to retrace before riding along the uptrend.
Confirmed direction - UP
Target - 0.7232
Enter between 0.7189 to 0.7174
Stop - 0.7170
