- 200 MA is below price displaying an uptrend
- Trendline with 2 touches confirming the uptrend
- Fibonacci retracement tool used from most recent swing low to most recent swing high
- Market structure zone (Purple box) of previous resistance drawn in lining up with the 61.8% Fib Level (Our key level in the golden zone)
- Psychological level located within this purple box also very close to the 61.8% Fib Level adding to confluence that this will hold as a strong level of support once price dips here
- Waiting for price to fall down to this level and look for candlestick formations which are bullish signals and also for a more confirmed ..(but late).. entry wait for the 6EMA to crossover the 22EMA.
- Lets see if this plays out..
- Trendline with 2 touches confirming the uptrend
- Fibonacci retracement tool used from most recent swing low to most recent swing high
- Market structure zone (Purple box) of previous resistance drawn in lining up with the 61.8% Fib Level (Our key level in the golden zone)
- Psychological level located within this purple box also very close to the 61.8% Fib Level adding to confluence that this will hold as a strong level of support once price dips here
- Waiting for price to fall down to this level and look for candlestick formations which are bullish signals and also for a more confirmed ..(but late).. entry wait for the 6EMA to crossover the 22EMA.
- Lets see if this plays out..