Double top spotted @1.6355,
Confirming Bulls achieved New High.
Now we jump into the dip/retrace.
(NOTED)The test of the Resistance level @1.6355
Fibonacci can now be applied from the level of the test @1.6333
Now note the ABCD Pattern within the FIB where:
A = 1.6333 (0%)
B = 1.6051 (100%)
C' RETRACEMENT = 1.6179 (38%)
D' TARGET = 1.5897 (162%)
SL @1.6333
TP1 @1.5983
TP2 @1.5868(Place beyond target to capture more pips)
(NOTE: XABCD Butterfly!! BUPTREND LINE BOUNCE @D
NB: Be sure to trail SL after TP1 hits)
KEEP YOUR LEVERAGE LOW !!!!! (0.1)
Confirming Bulls achieved New High.
Now we jump into the dip/retrace.
(NOTED)The test of the Resistance level @1.6355
Fibonacci can now be applied from the level of the test @1.6333
Now note the ABCD Pattern within the FIB where:
A = 1.6333 (0%)
B = 1.6051 (100%)
C' RETRACEMENT = 1.6179 (38%)
D' TARGET = 1.5897 (162%)
SL @1.6333
TP1 @1.5983
TP2 @1.5868(Place beyond target to capture more pips)
(NOTE: XABCD Butterfly!! BUPTREND LINE BOUNCE @D
NB: Be sure to trail SL after TP1 hits)
KEEP YOUR LEVERAGE LOW !!!!! (0.1)