what's going to happen at the key area of support

My bias is to the long side simply because there has been some aggressive price action at this level in the past and there's been a couple of price flips (support turns into resistance)when looking at the horizontal line. going forward i will monitor this level on lower time frames for more confirmations but from the outset, a head and shoulders pattern is just about complete on the 62% fib retracement zone. Regarding risk/reward factors, my SL and TP will remain as is for now but will be updated once a harmonic pattern is found on the lower time frames

Zlecenie aktywne:

i would suggest taking some profits at this area or to move your stop loss to break even.