Overall bullish bias on the 4H chart. A retracement on the 1H touching the fib 61.8 level which coincides with newly formed support. The retracement formed as an exhaustion pattern and left a huge imbalance that should be filled prior to big moves. If the market opens with no big gaps, my plan is to enter a long position with the stop loss of 1.25123 and the take profit to be 1.25875.
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.