TA:
Balance of Power indicator looks like it has made a reversal, when that happens we consequently dump but that is a sign of institutional buying pressure- as the sell pressure is rotated to a small percent of the market buying the cheaper lot.
At an important traditional and Fibonacci level- therefore if we don't break above expect a retracement in the green zone which is marked by Fibonacci sequencing.
-Megalodon (Rahim)
Stay Safe, Trade Safe
You are welcome to share your ideas below :)
XPDGBP
Balance of Power indicator looks like it has made a reversal, when that happens we consequently dump but that is a sign of institutional buying pressure- as the sell pressure is rotated to a small percent of the market buying the cheaper lot.
At an important traditional and Fibonacci level- therefore if we don't break above expect a retracement in the green zone which is marked by Fibonacci sequencing.
-Megalodon (Rahim)
Stay Safe, Trade Safe
You are welcome to share your ideas below :)
XPDGBP
