Price has bounced off the 61.8% retracement area again, and has formed a second Pin Bar .
Price has struggled to close below the 48.00 area which has held as good support.
Long bias will be triggered if price breaks today's high.
A more aggressive/riskier entry would be to enter long from the 47.60 - 47.75 area, should price give us a retracement. This will keep our stop smaller.
Price has struggled to close below the 48.00 area which has held as good support.
Long bias will be triggered if price breaks today's high.
A more aggressive/riskier entry would be to enter long from the 47.60 - 47.75 area, should price give us a retracement. This will keep our stop smaller.