Market reached strong magnetic price level 0.6500. It is very close to 61.8% fibonacci retracement in previous move since Sep 23. Elliott wave smaller impulse pattern is over and it could lead into trend reversal. If the market would not go below support zone it is possible of continuation moves higher.
My trade plan:
1. Look for PA, and other indications for confirmation signals to go long.
2. If first trade will be taken, and price reach highs above fibonacci 50% level, I will look into waves structure and PA for possible second trade.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.
My trade plan:
1. Look for PA, and other indications for confirmation signals to go long.
2. If first trade will be taken, and price reach highs above fibonacci 50% level, I will look into waves structure and PA for possible second trade.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.