Here's why
1) 38.2 Fib retracement (starting on the December 27th leg)
2) Major structure level
3) Oversold Stochastics (5,3,3)
4) Previous candle went through Bollinger Bands (20,2)
5) MAJOR MAJOR MAJOR level 0.9000
You could take this as a swing trade or intraday trade if you're like me, happy trading!
1) 38.2 Fib retracement (starting on the December 27th leg)
2) Major structure level
3) Oversold Stochastics (5,3,3)
4) Previous candle went through Bollinger Bands (20,2)
5) MAJOR MAJOR MAJOR level 0.9000
You could take this as a swing trade or intraday trade if you're like me, happy trading!