Two very important fib points that can act as support or resistance : 0.618, 0.38
Price retraced to the RBR demand zone on 4 Hr chart which coincides with 0.38 fib drawn from current high.
Long position here should have potential . Good risk return ratio as uptrend continues
Price retraced to the RBR demand zone on 4 Hr chart which coincides with 0.38 fib drawn from current high.
Long position here should have potential . Good risk return ratio as uptrend continues
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.