A very good opportunity to go LONG once you see a reversal candlestick pattern on Daily Time Frame or any other confirmation on lower Time Frame. Fibonacci Retracement is 50% right on previous structure as well as support of diagonal trend line.
What do you guys think?
Trade active
HI Traders,
For those of you who couldn't get on the long position, now is a good time to get hop on the new trend as we have a pull back right at previous structure and market should resume the long trend. Just wait for a candlestick pattern for confirmation(i.e bullish englufing, morning star, hammer, etc.)
Good luck and please like and follow to get more of my analysis :)
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.