Hit $1.274~ target Fib ext. Support or breakdown? 4-10-2021
Updated
It looks like the technicals and support/resistance channels from the chart last night stayed in play. Here is an updated version for 4-10-2021.
I am looking to see confirmation of support in this zone. A breakout above $1.275 should send us toward the next Fibonacci extension at $1.56 on this run, however an A-B-C breakdown could play out if this is the end of the sub-cycle for this run-up.
I am looking to see confirmation of support in this zone. A breakout above $1.275 should send us toward the next Fibonacci extension at $1.56 on this run, however an A-B-C breakdown could play out if this is the end of the sub-cycle for this run-up.
Trade closed: target reached
Took profits at $1.27 and am waiting for confirmation of support before adding back to the position.
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