Up to ~ 4000 and down to 3500$
Morning guys,
Everything stands according the plan. Market shows respect to our ~4000$ strong resistance area, which includes two Fib levels and intraday 1.618 AB=CD target that we've talked last week.
Since we're watching for H&S pattern on daily, we need to get the last part - right arm. As market has formed bearish reversal swing here, first upside pullback should be, approximately 5/8 to ~4000$ and next we expect CD leg
down to ~3500$. That should be the moment where we need to make decision on long entry.
Everything stands according the plan. Market shows respect to our ~4000$ strong resistance area, which includes two Fib levels and intraday 1.618 AB=CD target that we've talked last week.
Since we're watching for H&S pattern on daily, we need to get the last part - right arm. As market has formed bearish reversal swing here, first upside pullback should be, approximately 5/8 to ~4000$ and next we expect CD leg
down to ~3500$. That should be the moment where we need to make decision on long entry.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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