176.7 area is a good support zone for long positions for the next perion on all timeframes. Breaking 175.83 on 16 th. Jan 2015 will cancel this view.
My trading idea and view based on :
176.70 is
1- 61.8 fibonacci retracement from 168.00 support to 189.69 riesistance.
2- Retesting the resistance line for Jan and Jul 2014 highs which will act now as a support.
176.7 area is a good support zone for long positions for the next perion on all timeframes. Breaking 175.83 on 16 th. Jan 2015 will cancel this view.
My trading idea and view based on :
176.70 is
1- 61.8 fibonacci retracement from 168.00 support to 189.69 riesistance.
2- Retesting the resistance line for Jan and Jul 2014 highs which will act now as a support.
