I identified a single candlestick reversal pattern(the hammer) which I believe was signalling strong movement to the upside. To further strengthen my predictions a I made use of Fibonacci retracement tool in combination with the already established areas of support and resistance. I believe the prices will break the first Fib resistance level down at the bottom,and then pull back to it,same thing for the second and after a stron bullish explosion to the upside.I might be wrong but lets see what the market does.
Kommentar:
oh and one more thing please take in consideration that this is all based on a higher timeframe.