Looking on that 61.8 Fib level, we see a very strong resistance which in our setup will be used as a support for a bullish uptrend to the previous HH from 1.81 - 1.82 level should be our TP Level with low risk to reward ratio.
for further confirmation, the price is seated above the MA. irrespective WE BUY
for further confirmation, the price is seated above the MA. irrespective WE BUY
Note
We played Defensive, we cut loses. But it still Present a perfect set up we Place a buy limit 61.8 Fib Level and stops at 78.6 {TP @1.80609}
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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.