As we see in this chart Fib level 0.5 is a strong resistance and pushes the price back to 0.382 fib level.
0.382 fib level is a support for price and we see it works and keeps the price so in my opinion there is a good chance that price comes up and after breaking 0.5 fib level
test the 0.681 fib level so i provide a long set up with SL on 1.60610 and two TP first on in 0.5 fib level (1.7198) and second one in 0.681 fib level (1.78972)
I Highly recommend Trailing Stop!
0.382 fib level is a support for price and we see it works and keeps the price so in my opinion there is a good chance that price comes up and after breaking 0.5 fib level
test the 0.681 fib level so i provide a long set up with SL on 1.60610 and two TP first on in 0.5 fib level (1.7198) and second one in 0.681 fib level (1.78972)
I Highly recommend Trailing Stop!
Commentaire:
it hits SL