Price this week has on a daily time frame retraced and bounced perfectly off the 61.8 Fib level. I have entered a long position at 1.7750 however next week I will look to add to this as i do believe that we will head back to 1.8250 then on to 1.84/5 in the next 2 weeks.
Keep in mind price may bounce off trend line at 1.8000, which will indicate a short position back to 1.7750.
Lemme know what you think!
Keep in mind price may bounce off trend line at 1.8000, which will indicate a short position back to 1.7750.
Lemme know what you think!