Price has broken out of medium term bullish trendline.
Price is now retesting trendline structure at prior support, now turned resistance, indicated by red highlighted area.
We have triple rejection below the .618 fib level.
Could enter now at market conditions with s/l above .618 fib level. A more conservative entry would be after a breach of the .5 fib level with s/l being placed at a swing high.
Good luck! This is just my view so trade what you deem fit!
Price is now retesting trendline structure at prior support, now turned resistance, indicated by red highlighted area.
We have triple rejection below the .618 fib level.
Could enter now at market conditions with s/l above .618 fib level. A more conservative entry would be after a breach of the .5 fib level with s/l being placed at a swing high.
Good luck! This is just my view so trade what you deem fit!