1Fib retracement 2Vvery crucial support 3)Trend is up in 4h time frame.
1)VERY STRONG SUPPORT LEVEL 2)FIB RETRACCEMENT 3)WILL BE WAITING FOR CHANGE FOR TREND.
wait for 1)trend change 2)fib retracement 3)price is at resistamce
wait for the price to reach 1.12880 level and show some rejection(confirmations).
wait for it break the resistance and give some confirmation.
wait for it to form lower low and high and rejection for 38.2 fib zone.
wait for GOLD to form lower low and high and rejection for the fib area.
wait for the price to reach 1.69000 and form bearish candles or pin bar,then we can see for perfect entry on lower time frame.
Many retail traders might have sold after seeing the retest of the broken resistance.but the banks took the liquidity.wait for the price to break the resistance and then look for the retest to confirm that the trend has changed.
i will wait for the break of the resistance level and the see to retest it after which i will place a buy.
I WILL WAIT FOR THE BREAK OF THE RESISTANCE LEVEL AND THEN TO RETEST IT.
i will wait for the break of the resistance level and then to retest it.
i will wait for the break of the yellow box and the place a buy. price is making higher high and low breaked the previous higher high and now seems to retesting.