BUY EG
On the monthly, price was on an uptrend but has been consolidating in the last two years.
On the weekly, I see price has been consolidating since 2017
On the daily, I see price is in a downtrend. It pulled back to 61.8 on the daily fib and is testing on a weekly key level.
On the 4HR, I see price is in a downtrend. It pulled back to 78.6 on the 4Hr fib and hit TP2 -61.8...currently testing a support zone for almost a month.
On the 1 Hour, I see price was in a downtrend. It retraced to 38.2 and hit TP1 -27 on the 1HR minor fib. It found a support zone, consolidated and just broke above the 1Hr trendline. I also see divergence, indicating a possible move upward
Looking to see if price is going to retest the 1Hr trendline (or the the support zone) for the buy and move to the next support/resistance zone or at least the weekly key level. (70-80 pips)
On the weekly, I see price has been consolidating since 2017
On the daily, I see price is in a downtrend. It pulled back to 61.8 on the daily fib and is testing on a weekly key level.
On the 4HR, I see price is in a downtrend. It pulled back to 78.6 on the 4Hr fib and hit TP2 -61.8...currently testing a support zone for almost a month.
On the 1 Hour, I see price was in a downtrend. It retraced to 38.2 and hit TP1 -27 on the 1HR minor fib. It found a support zone, consolidated and just broke above the 1Hr trendline. I also see divergence, indicating a possible move upward
Looking to see if price is going to retest the 1Hr trendline (or the the support zone) for the buy and move to the next support/resistance zone or at least the weekly key level. (70-80 pips)
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