GJ Buy
Updated
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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