It seems to move between the 0.236 and 0.382 (local fib). From here we can find support on the 200MA and start a new rally or test the bottom of the range again, both are good OB's imho.
As you can see the support/resistance (S/R) line around €49,32 changes the bias for over a year now.
DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to soon and take profit along the way. Stay safe, stay profitable ^^
As you can see the support/resistance (S/R) line around €49,32 changes the bias for over a year now.
DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any feedback from aspiring traders and experts are more than welcome.
Always remember to not go into a trade to soon and take profit along the way. Stay safe, stay profitable ^^