FAVOURED SHORT BUT WE COULD SEE MORE UPSIDE FIRST TO WEEKLY FIB RETRACEMENT 0.5 OR DAILY FIB RETRACEMENT O.5 OR 0.61 BEFORE SEEING THAT MOVE TO THE DOWNSIDE.
SHORT:
* Ranging at the moment.
*Price bounced of weekly fib retracement 0.61 as that level was also in confluence with daily mid range(highlighted IN blue)
*downside target in confluence with Mid range/ support levels drawn/ monthly upwards trend line & Daily Fib extension level D1.
*Downside levels could be touch of 200MA before heading back upside.
What do you think?
SHORT:
* Ranging at the moment.
*Price bounced of weekly fib retracement 0.61 as that level was also in confluence with daily mid range(highlighted IN blue)
*downside target in confluence with Mid range/ support levels drawn/ monthly upwards trend line & Daily Fib extension level D1.
*Downside levels could be touch of 200MA before heading back upside.
What do you think?
