1h time frame
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MEME is creating a small bottom structure since down to 0.016. Structure hasn't been formed, so we use Fibonacci tools to judge support and resistance. Obvious resistance at Fib 1.272 and 1.618, both are matched to structural resistance, that enhance the possibility of rejection while MEME reach them.
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TP: 0.0315 / 0.0349
SL: 0.023182
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MEME is creating a small bottom structure since down to 0.016. Structure hasn't been formed, so we use Fibonacci tools to judge support and resistance. Obvious resistance at Fib 1.272 and 1.618, both are matched to structural resistance, that enhance the possibility of rejection while MEME reach them.
-
TP: 0.0315 / 0.0349
SL: 0.023182
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