After months of downward trend we seen price has approached a critical POC level at which its showing signs for a reversal, The most easy to identify structure is that of H4 and we see a nice Double bottom with a nice double bottom retracement to collect liquidity to push price high , and we saw price creating a high high(HH) So this is a sign for a shift of momentum
So now price is still trying to find support around the 61.8 % fib which is also an area of high bullish volume, so its key to watch what happens here, wait for a nice confirmation before entering a trade
Good-luck and Follow me
So now price is still trying to find support around the 61.8 % fib which is also an area of high bullish volume, so its key to watch what happens here, wait for a nice confirmation before entering a trade
Good-luck and Follow me
Note
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profit target hit
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Related publications
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.