Update from previous idea:
I have changed my fib again due to price coming down and breaking the previous low, we actually hit the 1.272 really nicely on my previous fib. but we bounced so we have new targets now on the way back up.
currently finding resistance around the golden pocket, breaking this level with a bullish retest would be ideal. then heading for the 0.5, obviously breaking this point would mean we have flipped the bias short term.
I have also drawn a sloping support line I yellow, not a big deal yet but if we see a sharp drop in price I expect this level to be handy (hopefully we don't see a test of this level).
overall actually quite bullish we are not moving crazy but we are slowly tackling these levels maintaining higher highs and higher lows, just bumping our heads on this resistance right now but the more times we test it the higher chance of breaking it.
I have changed my fib again due to price coming down and breaking the previous low, we actually hit the 1.272 really nicely on my previous fib. but we bounced so we have new targets now on the way back up.
currently finding resistance around the golden pocket, breaking this level with a bullish retest would be ideal. then heading for the 0.5, obviously breaking this point would mean we have flipped the bias short term.
I have also drawn a sloping support line I yellow, not a big deal yet but if we see a sharp drop in price I expect this level to be handy (hopefully we don't see a test of this level).
overall actually quite bullish we are not moving crazy but we are slowly tackling these levels maintaining higher highs and higher lows, just bumping our heads on this resistance right now but the more times we test it the higher chance of breaking it.
