38 percent of the fibbo, important zone for the price to change momentum. patients
If you can see there is a consolidation,wait for the price to break and depends of what direction the price breaks, we wait for a re test of any of the points and we enter
why is it a buy? because in a daly graph its a good resistance. so if it respects we buy and then we sell if it becomes a ceiling, we are going for 90 pips in both trades
We are going for 115 pips of tp
IF IT RESPECTS THE LEVEL 38 OF FIBBO. WE GO FOR A BUY IT BROKE A TENDENCE LINE AND NOW ITS DOING A PULLBACK
RESPECTING IT AS A CEILING, LETS GO FOR THOSE PIPS!
if it becomes a ceiling we go for a sell, gotta see the perfect entry in 30 mins or 15 mins. Or if it break and then makes a pullback to become a floor then we go for a buy!
it is coming to a strong floor, so it will probably will respect and if it does, we go for a buy!