Price Broke up through, after creating a Bullish Pennant.
It's pull back caused me to draw a bullish retracement, Which highlighted the retrace currently sitting on the .618 fib line.
Due to both the decrease in volume (signalling a readiness of price explosion), & the fact that the .618 is such a strong indicator. I am lead to believe that a strong bullish push could be imminent, granted it doesn't fail the re-test.
Entry: 0.3175
S/L: 0.3087 (2.76%)
T/P: 0.3461 (8.96%)
R/R: 1:3
It's pull back caused me to draw a bullish retracement, Which highlighted the retrace currently sitting on the .618 fib line.
Due to both the decrease in volume (signalling a readiness of price explosion), & the fact that the .618 is such a strong indicator. I am lead to believe that a strong bullish push could be imminent, granted it doesn't fail the re-test.
Entry: 0.3175
S/L: 0.3087 (2.76%)
T/P: 0.3461 (8.96%)
R/R: 1:3