Fib level is based on Daily chart.
As you can see on 1h, it broke the resistance and some of you might wait till it retests neckline to go long.
If you look at the fib level, 61.8% is where it never retested after impulse, thus I am waiting till it makes the correction to 61.8% to short and even 61.8% hasn't broken higher time frame LH so it is still bearish after breakout of uptrend channel.
After the touch of 4h trendline, which will be the 3rd touch, I am expecting to break it this time and go towards next support which aligns with -27% TP level.
If the bullish momentum goes over 35330, trade is invalid.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early.
It is your choice to get in retracement trades as I only trade with the trend.
As you can see on 1h, it broke the resistance and some of you might wait till it retests neckline to go long.
If you look at the fib level, 61.8% is where it never retested after impulse, thus I am waiting till it makes the correction to 61.8% to short and even 61.8% hasn't broken higher time frame LH so it is still bearish after breakout of uptrend channel.
After the touch of 4h trendline, which will be the 3rd touch, I am expecting to break it this time and go towards next support which aligns with -27% TP level.
If the bullish momentum goes over 35330, trade is invalid.
Trade at your own risk. If you are in profit, move SL to BE for risk free trade but do not more SL to BE too early.
It is your choice to get in retracement trades as I only trade with the trend.