The bullish run is over extended and needs a pullback. Price broke a well respected trend line, breaking below many intraday catalyst. Now Price has pulled back up to form a B wave and it is likely that after rejecting major fibonacci levels, it will resume current momentum to the downside, thus completing the ABC pullback and consequently retesting the 1.355 level, which was previous resistance and which has now become support.
I want to play it safe at the next level of intraday support for a nice 2% potential return.
I want to play it safe at the next level of intraday support for a nice 2% potential return.