Price is currently in a bullish momentum as price is making higher highs along in accordance with the overall market trend.
For us to get on a bullish trend we would need bullish confluence. Nonetheless we must pay attention to any bullish market structure and patterns.
The analysis might seem a bit convoluted but what we're basically seeing is the market acting as it should: according to current market trend and Fibonacci zones.
For us to get on a bullish trend we would need bullish confluence. Nonetheless we must pay attention to any bullish market structure and patterns.
The analysis might seem a bit convoluted but what we're basically seeing is the market acting as it should: according to current market trend and Fibonacci zones.
Note
Price just wen through two Fib levels and has respected an H4 support line. No entries for me.
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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.