The best opportunity to place an order when the price is in the supply zone. If it fails, the price is likely to still be chasing the level of 423.6
The dollar tests its ability to head to 16000 or will it return to the price of 13000? All can happen
The market seems to be still going down targeting 1.11900 with a fibo 423.6 level
Always pay attention to important levels. The price is already Demand weekly, now it is retrace there is a possibility that the price will continue to the next Demand at the 61.8 Fibo level which is the Golden ratio. Always measure risk and MM, anything can happen.
Fakeout setup Fakeout setup BUY : 1.15934 SL: 1.15772 TP: 1.16744
If the price engulf the supply zone (yellow zone), we will pending buy orders within the demand zone (green zone)
On Time Frame Thirty minutes the price has broken the yellow trend line and there has been a selling confirmation with the last low break
Indications of a weakening trend stems from the penetration of the trend line with strong confirmation when the last low is demand that has been fulfilled. We will wait to retrace the supply area to put pending selling orders. Remember the best entry is when retrace PO SELL : 1.15913 SL : 1.16269 TP1 : 1.15140 TP2 : 14618
Indications of a weakening trend stems from the penetration of the trend line with strong confirmation when the last low is demand that has been fulfilled. We will wait to retrace the supply area to put pending selling orders. Remember the best entry is when retrace PO SELL : 1.15913 SL : 1.16269 TP : 1.15140
Demand has been broken, the best entry chance only when retrace approaches the trend line, with the closest target is fibo level 38.
Buy when the price reaches the QML zone: SL: 1.2843 Sell: 1.2878 TP: 1.3010