Fmunye

Fmunye

expecting a pull back to 61.9 or 50% on fib retracement from swing long to swing high as market closed with exhaustion candle.

Fmunye

LOng position! markert was stuck in rang once it broke out of that range market has decided to retrace which is what it was doing. I am expecting a pull back to 61.8 as the further the pull back the stronger the push.

Fmunye

Potential long however due it finishing with exhaustion candle i am expecting a pull back to retest structure before going long. This potential long looks good due to the market breaking the weekly counter trend-line. However we do not know how far the pull back will be so therefore we will wait and see. I have used fib extension to show me area of high confluence...

Fmunye

has hit resistance and now is in demand to hit support. ABCD pattern shows trend continuation