Two scenario
* First is te pull back at 0.5 fibo. Two quite strong support [ green line ] Should be nice reaction, look for oversold
* Second, need to focus on resistance in red line, price will hit it and look for pin bar in the background area and body below [ H4, D1 ]
Happy trading.
* First is te pull back at 0.5 fibo. Two quite strong support [ green line ] Should be nice reaction, look for oversold
* Second, need to focus on resistance in red line, price will hit it and look for pin bar in the background area and body below [ H4, D1 ]
Happy trading.
Note
Look how 50% Fibo works.
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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.
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.