We recently broke the Daily resistance at 0.96500, on this Leg we mostly accumulated orders at 0.96500,
so if we come back to test this now turned support, i will look for confirmation that this level holds to enter a long position,
my first targets will be the -0.272 extension which lines up with the 0.97500 psychological resistance,
my overall target will be the -0.618 fib extension which lines up with the next daily resistance at 0.97912
so if we come back to test this now turned support, i will look for confirmation that this level holds to enter a long position,
my first targets will be the -0.272 extension which lines up with the 0.97500 psychological resistance,
my overall target will be the -0.618 fib extension which lines up with the next daily resistance at 0.97912
Note
price hasnt retested it and almost hit target, invalidates the trading idea
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.