How I see it:
78.60% FIB @ 0.63607
Potential Correction - "SHORT"
TP 1 = 0.62550
and / or
If key support @ 62350 Holds - Continue "LONG"
TP 1 = 0.64080
Keynote:
Pair shows quality bullish strength at this time.
Price can also just power on to 0.64000 or beyond, with only minor dips
until a key resistance is reached.
This will indicate a much higher TF FIB is required.
I will update and calibrate as required.
[Just FYI - the next 78.60% FIB is @ 0.65600]
Thank you for taking the time to study my analysis.
78.60% FIB @ 0.63607
Potential Correction - "SHORT"
TP 1 = 0.62550
and / or
If key support @ 62350 Holds - Continue "LONG"
TP 1 = 0.64080
Keynote:
Pair shows quality bullish strength at this time.
Price can also just power on to 0.64000 or beyond, with only minor dips
until a key resistance is reached.
This will indicate a much higher TF FIB is required.
I will update and calibrate as required.
[Just FYI - the next 78.60% FIB is @ 0.65600]
Thank you for taking the time to study my analysis.
Note
SELL THRESHOLD ZONE = From 0.63300 to 0.63200 Don't try to sell above this ZONE!
If the market is bullish, don't attempt to sell the corrections:
LET THE MARKET COME TO YOU
And vice versa
Note
Should this pair do the necessary correction...HUGE CONFLUENCE OF SUPPORT!!!Or at least if you have to sell:
TP 1 = 0.62850
TP 2 = 0.62700
Sorry I missed this
Note
I don't know why my charts are not updating the candles, my apologies
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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.