DAILY: price is in an uptrend, pulled back to 38.2 on the daily fib. There's bearish divergence on the RSI.
4HR: price was in a downtrend, hit the -27 on the 4HR fib, reversed for the buy and has been ranging ever since.
1HR: I can see that price was in a downtrend, hit the -27 on the 1HR fib, then broke and retested the 1HR trendline for an aggressive buy.
CURRENTLY
Now that price has reached a resistance area, I am looking to see if price will pull back past the 1HR trendline to retest previous resistance making it minor support, which is also 38.2 on the FIB
(60 pips)
4HR: price was in a downtrend, hit the -27 on the 4HR fib, reversed for the buy and has been ranging ever since.
1HR: I can see that price was in a downtrend, hit the -27 on the 1HR fib, then broke and retested the 1HR trendline for an aggressive buy.
CURRENTLY
Now that price has reached a resistance area, I am looking to see if price will pull back past the 1HR trendline to retest previous resistance making it minor support, which is also 38.2 on the FIB
(60 pips)
订单已取消:
Cancelled. price never broke trendline to enter trade