Trade what we see:
The market has been on a very bearish run, so the logic behind this trade is retracement and joining the profit taking.
Currently we are sitting at two key zones, a supply and demand zone and the 32.8 fib.
On the 1hr, we have broken resistance and now we have a long bias towards 1.79 (next fib retracement).
The market has been on a very bearish run, so the logic behind this trade is retracement and joining the profit taking.
Currently we are sitting at two key zones, a supply and demand zone and the 32.8 fib.
On the 1hr, we have broken resistance and now we have a long bias towards 1.79 (next fib retracement).