GA Long, Good Potential 300 Pips. BULLISH MOMENTUM
Monthly: After GA's price has been falling bearish for quite a good while now, we have found a very strong support @ our Monthly Support 1.6000 after completing a ABCD Fib Retrament. Another confluence is how the Monthly candle of November finished with a Bullish Railroad Track.
Weekly: Price retraced from 1.6000 to the Monthly 1.7000 Res w/ a 61.8% retrace rejection then back down to retrace 1.6000 as we can find strong support here with New HH being made for Bullish Momentum.
Daily, 4hr: After making taking out the previous LL & making a new HH, GA made a retrace back to the Weekly 1.6250 Support w/ a 50% & got rejected. Target is 1.6657
Weekly: Price retraced from 1.6000 to the Monthly 1.7000 Res w/ a 61.8% retrace rejection then back down to retrace 1.6000 as we can find strong support here with New HH being made for Bullish Momentum.
Daily, 4hr: After making taking out the previous LL & making a new HH, GA made a retrace back to the Weekly 1.6250 Support w/ a 50% & got rejected. Target is 1.6657
Komentarz:
Target was Achieved! :) TP @ 1.6657 Hit. Currently keeping an eye for further confluences