1st short then long if breaks the current resistance
# Im expecting a fall till 0.62783 -0.62591 and the a bounce in a triangle
Reasons ?
1- we are at monthly resistance
2- divergance
3- fib around 50%
4- also we need a retracement for this uptrend
# if its breaks 0.63750 after the bounce then we have next target 0.66758
and if it break down triangle part then we might have retest to lower support level
well its all what i think
thanks
Reasons ?
1- we are at monthly resistance
2- divergance
3- fib around 50%
4- also we need a retracement for this uptrend
# if its breaks 0.63750 after the bounce then we have next target 0.66758
and if it break down triangle part then we might have retest to lower support level
well its all what i think
thanks
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.