We have this double bottom formation, re-tested the neckline at 1.3750
We could see a higher low forming around the 50% to 61% fib.
So area of interest to go long here would be at 1.3650 to 1.3620
Will update if oportunity to get in shows up.
We could see a higher low forming around the 50% to 61% fib.
So area of interest to go long here would be at 1.3650 to 1.3620
Will update if oportunity to get in shows up.
Note
price cut straight down the 61%fib. ideally would want to see price rebound from this 1.3570 zone and retake the 1.3640. otherwise this setup is invalidated. will be updating
Note
good reaction at that bottom, price back above 1.3600 for now. Still waiting. patience is key here.
Order cancelled
No dip to enter unfortunatelly. Will keep an eye on it and might update on another post.
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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.