Watching the 200 MA as support zone.
Entry here and lower.
Bullish case: Bounce in between current price in .1627
Target: .18688
Bearish: Bearish Retest of 200 MA and .1627
Target: .1431
Entry here and lower.
Bullish case: Bounce in between current price in .1627
Target: .18688
Bearish: Bearish Retest of 200 MA and .1627
Target: .1431
Commentaire:
Gave a nice bounce off of .5 Fib level.
Watching to see if we trend up towards the 200 MA again and the .382 Fib level as resistance.
If we get a rejection there, I'm looking to open a short.
If we get a bullish breakout of that level (1 HR 200 MA / .382 Fib)
Looking to buy on a bullish retest on lower timeframe
Tight stop loss around .158
Gave a nice bounce off of .5 Fib level.
Watching to see if we trend up towards the 200 MA again and the .382 Fib level as resistance.
If we get a rejection there, I'm looking to open a short.
If we get a bullish breakout of that level (1 HR 200 MA / .382 Fib)
Looking to buy on a bullish retest on lower timeframe
Tight stop loss around .158
Commentaire:
Bearish Case Played Out Again: trend up towards the 200 MA again and the .382 Fib level as resistance
Bearish Case Played Out Again: trend up towards the 200 MA again and the .382 Fib level as resistance
Commentaire:
Price has returned to the .382 Fib level
Transaction en cours:
Long here.
Stop loss just below the 200 MA
Stop loss just below the 200 MA
Bearish case Playing out