As we can see the last day of the week they got 2 major rejection forming at 4H chart. This gave us a signal that price is rejecting on that key level, it has been reject on that price level numeral times before this too. So we could find a buy point just at looking at 1 H chart of the fibonacci rejection at 0.382 level. and we would expect the price will go up to 1.2317 TP 1 and may could hit TP 2 which is 1.2346.
Kommentar:
As you can see 0.382 fib instant reject and boom ! TP 1 hitted, move your SL up and secure some pips !