Momentum swing higher.
Fib retrace. Acting as a barrier for move lower.
Pivot level in the way of stop and PA currently
Entry north of R1 slightly.
EMA dynamic support to assist.
DONKEY INDICATOR points to a move higher.
Fib retrace. Acting as a barrier for move lower.
Pivot level in the way of stop and PA currently
Entry north of R1 slightly.
EMA dynamic support to assist.
DONKEY INDICATOR points to a move higher.
Note
Bias looks like it was correct, the entry point wasn't. The hope was a low spiking candle tapped me in at better value than the 0.382 entry point. Currently trade is off the table. Re-assessment warranted now.
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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.