On 1Week scale the chart has retraced to Fib 0.382 and 0.50 levels. Therefore, I'm expecting it to once again retrace back to Fib 0.382 level before continuing back to its upward trend.
The results will be visible in 2 weeks time. Therefore, for SHORT Trade I'll take positions as mentioned on my chart keeping risk/reward ratio: 1.
Then for LONG Trade, I'll wait to confirm upward reversal through Bullish candle sticks patterns.
The results will be visible in 2 weeks time. Therefore, for SHORT Trade I'll take positions as mentioned on my chart keeping risk/reward ratio: 1.
Then for LONG Trade, I'll wait to confirm upward reversal through Bullish candle sticks patterns.