Update from previous idea:
After having a really successful trade based on several confluences, I have taken a new fib now, we broke the high of the last fib so a new mid term fib looking at the retrace back down, to see if we can hold this bullish structure.
so, we have seen a nice bounce off the golden pocket which is extremely bullish but the level has been tested 3 times so theres a possibility we get rejected eventually. even then we have 2 key levels and the biggest deal is holding the 0.5 because that means we are still in a bullish structure. time will tell I still think a long at these levels could be quite risky maybe sticking a long at the 0.5 down to my favourite level 0.414/382.
After having a really successful trade based on several confluences, I have taken a new fib now, we broke the high of the last fib so a new mid term fib looking at the retrace back down, to see if we can hold this bullish structure.
so, we have seen a nice bounce off the golden pocket which is extremely bullish but the level has been tested 3 times so theres a possibility we get rejected eventually. even then we have 2 key levels and the biggest deal is holding the 0.5 because that means we are still in a bullish structure. time will tell I still think a long at these levels could be quite risky maybe sticking a long at the 0.5 down to my favourite level 0.414/382.
