Price tested the 4H Support which coincides with an Order Block and 0.5 - 0.618 Fib Golden Zone. Price is in an upward trend. It broke the 4H Resistance too. I think it will retest the 4H Resistance and head towards the Daily high at 161.444. After bullish candle confirmation on the 5 or 15 minute timeframe, I will enter a BUY and target 1:2. TP at 161.44. ...
The 4H impulse to the upside used to draw the fib starting from the beginning of the movement. Then mark out the Golden Zone which is between 0.5 and 0.618 on the fib.
Switch to the 1H. See if there's an Order Block within the Golden Zone area. Mark it out. Use the area where OB intersects with the GZ as the opening for the Long. SL about 60pips. TP 1:2. ...
