GJ Buy
DAILY: I see that price was in an uptrend. It hit -61.8 on the daily FIB and reversed but still respecting the daily trendline. RSI is bearish
4HR: I see that price was in a downtrend. It hit -61.8 on the 4H FIB (a heavy support area) and reversed for the buy. Then consolidating at previous support/resistance near the weekly key level.
1HR: I see that price was in a downtrend, hit -61.8 on the 1HR fib, then reversed for the buy; making its way back to the previous support/resistance.
CURRENTLY: I see that price is back to ranging near the weekly key level. The RSI is bearish.
I am looking to see if price will either:
1: retest the minor support for the buy to previous support/resistance areas 151.67 & 152.39 (-27 on minor fib)
OR
2: break minor support and retest the 1HR downtrend, THEN buy to the previous support/ resistance area
(60 to 150 pips)
4HR: I see that price was in a downtrend. It hit -61.8 on the 4H FIB (a heavy support area) and reversed for the buy. Then consolidating at previous support/resistance near the weekly key level.
1HR: I see that price was in a downtrend, hit -61.8 on the 1HR fib, then reversed for the buy; making its way back to the previous support/resistance.
CURRENTLY: I see that price is back to ranging near the weekly key level. The RSI is bearish.
I am looking to see if price will either:
1: retest the minor support for the buy to previous support/resistance areas 151.67 & 152.39 (-27 on minor fib)
OR
2: break minor support and retest the 1HR downtrend, THEN buy to the previous support/ resistance area
(60 to 150 pips)
Trade closed: target reached
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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.