This is my chart for the week.
As you can see price has now been capped by the FIB 0.61 Retracement zone and has broken my downward trend line.
Price is now sitting at the yellow barrier highlighted in which i can see two scenarios. For me to go long i will need a clean break and close above the barrier on the daily TF and for a short trade to be warranted i will need a clear break and close below my C.T.L on the 4hr TF preferably.
My overall bias on this is a long but you never know regardless i have provide you with both scenarios but i believe its a buy to occur.
As you can see price has now been capped by the FIB 0.61 Retracement zone and has broken my downward trend line.
Price is now sitting at the yellow barrier highlighted in which i can see two scenarios. For me to go long i will need a clean break and close above the barrier on the daily TF and for a short trade to be warranted i will need a clear break and close below my C.T.L on the 4hr TF preferably.
My overall bias on this is a long but you never know regardless i have provide you with both scenarios but i believe its a buy to occur.
