We can see a clear break of the descending trend-line that has held strong from August last year.
We have created a new high on the break of this Descending trend-line with the pull back already at the 50 Fib.
We are looking to enter on the 61.8 Fib which is on a clear level of support. The entry will be sent out when the market is open as we will use the 4hr chart to identify the entry.
We have created a new high on the break of this Descending trend-line with the pull back already at the 50 Fib.
We are looking to enter on the 61.8 Fib which is on a clear level of support. The entry will be sent out when the market is open as we will use the 4hr chart to identify the entry.
