As you can see we have a small downtrend formed.
We also see price stalling at the .38 fib, price has clearly respected this level as it has been bounced off a few time.
I will now be waiting for price to break the 50 EMA on H1 for an entry.
Simple trade, hopefully some simple money :)
We also see price stalling at the .38 fib, price has clearly respected this level as it has been bounced off a few time.
I will now be waiting for price to break the 50 EMA on H1 for an entry.
Simple trade, hopefully some simple money :)