Breakout of the trend
Updated
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clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.
any comments or corrections would be appreciated.
clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.
any comments or corrections would be appreciated.
Note
you can also take a short on the 4hr for around 90 pips if the next few bars close bellow the support at 113.229 areaNote
then if this bounces off the support line and turns bullish take the long for new highs taking profit in zonesNote
check attached related idea
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