timefraame: 1H
200 EMA acting for now as resistance together with 50% fib level (recent low-to high). Targeting retracement 78.6 which confluences with fib extension 127.2%. Stop loss above recent high - if we get higher high -higher close - trade idea more likely invalid! If you want more confirmation, wait for RSI to get overbought.
RR 2.4
Good luck and good trading!
Arek JP
200 EMA acting for now as resistance together with 50% fib level (recent low-to high). Targeting retracement 78.6 which confluences with fib extension 127.2%. Stop loss above recent high - if we get higher high -higher close - trade idea more likely invalid! If you want more confirmation, wait for RSI to get overbought.
RR 2.4
Good luck and good trading!
Arek JP