Price has previously rejected the H4 EMA C FB setup on the 70.5 which has confluence with the Institutional level 1.092 and continue to push higher to form a new HH. Moving the Fib layout higher, I'll get a new Fib Long zone with the EMA C FB setup.
I'll need clearer price action/market structure to form on the Lower TF at the Fib Region/38 Level before taking a setup.
Bias = Bullish, temporary Bearish
Structure = Corrective to 1.092 region
Setup = 4H EMA C FB
I'll need clearer price action/market structure to form on the Lower TF at the Fib Region/38 Level before taking a setup.
Bias = Bullish, temporary Bearish
Structure = Corrective to 1.092 region
Setup = 4H EMA C FB
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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.