Retest of main trend AB=CD
Updated
Price looks to be setting up for a retest on the daily time frame.
There is some support at this level.
Price already rejected the 61.8 level. Now it is a matter of spotting an entry point with confluence.
There is some support at this level.
Price already rejected the 61.8 level. Now it is a matter of spotting an entry point with confluence.
Note
By looking at the new bars you can see the pair has started to make a bullish run.Note
Price made a sudden bearish turn. Looks to be resting previous support. Utilise a trend line break out for this....
Note
Price has made a nice bullish movement
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.