Weekly: Price approaching major pivot point 1.17000, retest of previous range breakout.
Daily: Retest of Previous bearish resistance trend line breakout and retest of bullish supporting trend line, confluence with Demand Zone, Daily 0.618 FIB. Bullish Divergence
4 Hour: 1.618 FIB confluence with Daily 0.618 FIB
**Waiting for candle confirmation or Market Pattern ex: Double Bottom top form**
Patience is Key!
FXLifestyle - Trade Your Future
Daily: Retest of Previous bearish resistance trend line breakout and retest of bullish supporting trend line, confluence with Demand Zone, Daily 0.618 FIB. Bullish Divergence
4 Hour: 1.618 FIB confluence with Daily 0.618 FIB
**Waiting for candle confirmation or Market Pattern ex: Double Bottom top form**
Patience is Key!
FXLifestyle - Trade Your Future
Note
Bounced off 4 Hour 1.618 FIB & 0.618 Daily FIB & Demand Zone. 4 Hour Bullish Engulfing Candle
Note
Intraday trade, bullish divergence to 50 FIB level, may create a 2x Bottom for the big move back up, necklines of Double bottoms like to bounce off 50 FIB
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I personally would wait for the bigger move, and wait for close of Daily candle
Note
My current entry
Note
price hit stop loss. jumped the gun a little too soon, should of stayed with my original analysis. Waiting for bullish confirmation as price is testing the original zone i had drawn out on the charts. Price hit resistance @ 38.2 FIB, next extension is -0.27 FIB. Looking for bullish confirmation in this area to go long.
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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.
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.