WILL THE DOLLAR RETRACE TO THE MONTHLY 50% FIB BEFORE THE SELL ?

٢٥ يناير ٢٠٢٣

Looking at the dollar reaching the 1Month Demand Zone at 101.049 and 103.108, im now looking for some bullish rejection in the zone. if it does reject the sellers at this area , i will then look to to go Long with SL at 100.050 around the yellow structure level and TP close to the 50% fib retracement area is which at around 107.226 and 108.437.

PS: MARKET IS IN A BULLISH TREND. LOOK AT SMALLER TIMEFRAMES FOR BULLISH CONFIRMATIONS IN THE DEMAND ZONE!!!

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