Price is bullish and following the trend. It also made a double bottom pattern on fib level 1. If price break through our fib level 0.618 i will head into my trade. Im not into a buy scenario. so if the price keeps going up im not heading into the trade.
At this point im looking for bullish entry. But it might go further to the downside to make a retest on the (daily) trendline and then go back up. Now im waiting for the price to go up to fib level 0.786 and then ill enter my trade.
The market hit our bollinger bands on a daily timeframe what means that its making a move to the upside. On the 1H timeframe the market touched our upper bollinger bands . So im looking for the price to fallback and than enter my trade!
Price hit our upper bollinger band. And also touched our upper ascending support and resistance level. We will get a pull and after the pullback. a push to the upside. Its possible for the market to break our trend and make a retest and go further up.
At the first sight it seems like the chart is making an XABCD pattern. My first opinion is that it will make a retest on my 200EMA / Trend zone, and make a pullback. If not im going to go long on my next Resistance level at 1.80006 and take my profit on fib level 0
im selling this on a long term. The chart says it all. Possible head and shoulder pattern. It also touched my fib level 0.382 , if it breaks thru my fib level im going short on my upper resistance zone!