After months of downward trend we seen price has approached a critical POC level at which its showing signs for a reversal, The most easy to identify structure is that of H4 and we see a nice Double bottom with a nice double bottom retracement to collect liquidity to push price high , and we saw price creating a high high(HH) So this is a sign for a shift of momentum
So now price is still trying to find support around the 61.8 % fib which is also an area of high bullish volume, so its key to watch what happens here, wait for a nice confirmation before entering a trade
Good-luck and Follow me
So now price is still trying to find support around the 61.8 % fib which is also an area of high bullish volume, so its key to watch what happens here, wait for a nice confirmation before entering a trade
Good-luck and Follow me
Kommentar:
Move stop loss to break even
Trade wurde manuell geschlossen:
profit target hit
