Overall, the trend is still bullish from w1,d1 & h4. Price has been making HHs & HLs going long and what we're currently seeing on H4 is just a mere retracement when we pull out the fib from our previous HL. H4 rejected our area of interest (AOI) 16078 and closed back above it. The zone 16078 has been used as support & resistance previously & H4 just rejected this zone right on the golden 50-60% fib level giving us added confluence. If price continue to hold 16078 as support which it has done on previous occasions, we'll be interested in continuing to look for longs. We'll be on the lookout for a much cleaner entry signal such as a double bottom with stops just below the zone 16078 targeting previous daily Highs.
DE30EUR
DE30EUR