After an extended downtrend we see a break of structure to the upside on the H4 time frame and also a break of the trendline into a Buy zone. The market has now pulled back from its new high finding H4/Daily support on a key level and a 61.8/50% fibonacci retracement. We also see bullish engulfing patterns on the Daily and H1 Time frame letting me know buyers are in control and giving me my upside bias.
Kommentar:
Targets hit! out at my first TP