Watching the 200 MA as support zone.
Entry here and lower.
Bullish case: Bounce in between current price in .1627
Target: .18688
Bearish: Bearish Retest of 200 MA and .1627
Target: .1431
Entry here and lower.
Bullish case: Bounce in between current price in .1627
Target: .18688
Bearish: Bearish Retest of 200 MA and .1627
Target: .1431
Note
Gave a nice bounce off of .5 Fib level.
Watching to see if we trend up towards the 200 MA again and the .382 Fib level as resistance.
If we get a rejection there, I'm looking to open a short.
If we get a bullish breakout of that level (1 HR 200 MA / .382 Fib)
Looking to buy on a bullish retest on lower timeframe
Tight stop loss around .158
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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.