EuroMotif

ZRX.USD up against crucial Resistance: 0x bulls at a checkpoint

EuroMotif Mod Mis à jour   
Quick plot to show the various Fibs in play.
Currently bumping up against a resistance band.
Bulls need to break through and retest as support.

Left Chart is 6h tf, with fib of drop from 36 cents.
Right Upper is 2h tf, with fib of bounce from 16 cents.
RIght Lower is 1h tf, with fib of last drop from 26 cents

We are currently within the first resistance zone.
Above is next resistance that is recently proven.
After that, there is decent open space for growth

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Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Commentaire:
From the upper Right (green) fib, we just had an exact reaction So this fib is currently in control. (the green line was a little lower than my zone boundary which included a higher tf fib).
So at this point I will adjust that resistance zone to this fib.

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