MY CONFLUENCE CHECK LIST -REJECTING OFF 38.2 FIB -ON A DOWN TREND -OVER BOUGHT ON THE RSI -IN A MAJOR RESISTANCE LEVEL SL 120 PIPS TP 245 PIPS
-REJECTING OFF 61.8 FIB, -ON A DOWN TREND -OVER BOUGHT ON THE RSI SL 50 PIPS TP 145 PIPS
broke the 23.6 on the FIB and retested. sl 350 pips tp 1930
EASY BUY, THERE IS A GAP THAT HASN'T BEEN FILLED YET, AND IS ALSO ON A UP TREND. STOP LOSS 30 PIPS TP- 250 PIPS
ITS ON A DOWNTREND AND MAYBE HEAD TOWARDS 23.6% ON FIB! RISK 80 PIPS SL TP 200 PIPS
Rejecting on the 38.2 Fib. Bulls is still active on this trade!
As you can see it broke the support, and has retested, and also a rejection in the 28.6 Fib.