Daily / 4hr timeframe 0.5 fib lines up with 1.25 area of monthly support.
Looking for reaction around this level but I could see a bounce
and break of the weekly inner trendline. If this happens I can see
1.285 area of monthly resistance being the next target.
If we break below, I can see this going to 0.786 on the fib retracement,
lining up with the 3rd bounce on the bullish trendline.
No trades on this. just watching price action.
Looking for reaction around this level but I could see a bounce
and break of the weekly inner trendline. If this happens I can see
1.285 area of monthly resistance being the next target.
If we break below, I can see this going to 0.786 on the fib retracement,
lining up with the 3rd bounce on the bullish trendline.
No trades on this. just watching price action.