Price had a strong bearish momentum yesterday and have reached uptrend line.
From here we have 2 possible scenarios and bith if them include retracement to the 1.3 resistance level which would be 50% fibonacci level from previous drop. From there we will be looking for new opportunities depending on price action. And till than we have nice 1:3 RR long opportunity.
If you like this idea, give it tumb up an leave a comment.
From here we have 2 possible scenarios and bith if them include retracement to the 1.3 resistance level which would be 50% fibonacci level from previous drop. From there we will be looking for new opportunities depending on price action. And till than we have nice 1:3 RR long opportunity.
If you like this idea, give it tumb up an leave a comment.