Retest of 1300 - 1310
Updated
Long wicks showing a lot of rejection at this level (yellow rectangle) after breakout of Daily 200 EMA.
Price should be retesting broken Demand Zone before heading back down to retest weekly trend line and possibly form a 2x bottom before heading back up and shooting up like a rocket!
As always patience pays the best interest!
FXLifestyle - Trade Your Future
Price should be retesting broken Demand Zone before heading back down to retest weekly trend line and possibly form a 2x bottom before heading back up and shooting up like a rocket!
As always patience pays the best interest!
FXLifestyle - Trade Your Future
Trade active
TP @ 0.50 FIB
Note
2nd TP @ 0.618. Price may reach it to test trend line.
Trade closed: stop reached
Stop loss was set too tight, price did what was expected and shot up.UPDATE: Check out my new analysis that continues this one
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