go long for long-term profit
Updated
I identified a single candlestick reversal pattern(the hammer) which I believe was signalling strong movement to the upside. To further strengthen my predictions a I made use of Fibonacci retracement tool in combination with the already established areas of support and resistance. I believe the prices will break the first Fib resistance level down at the bottom,and then pull back to it,same thing for the second and after a stron bullish explosion to the upside.I might be wrong but lets see what the market does.
Comment
oh and one more thing please take in consideration that this is all based on a higher timeframe.
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