Sure looks like its going swing up with a few pin bars showing up.
I will be waiting few key milestones to take place before I buy in and I see this plan a a good way to manage my risk during my entry, see chart.
My key zone on the fib when back tested never had the price stay above above the 0.5 and 0.618 zone. This is why I think its the level the bulls need to clear to get control and confirm the reversal. If my plan works and price gets support above the fib level 0.618 I will enter long at 0.7583 with a S/L at 0.75719 and look to T/P at 0.76083
Will Update as this plays out.
I will be waiting few key milestones to take place before I buy in and I see this plan a a good way to manage my risk during my entry, see chart.
My key zone on the fib when back tested never had the price stay above above the 0.5 and 0.618 zone. This is why I think its the level the bulls need to clear to get control and confirm the reversal. If my plan works and price gets support above the fib level 0.618 I will enter long at 0.7583 with a S/L at 0.75719 and look to T/P at 0.76083
Will Update as this plays out.
Commento:
And this is a great example of why you shouldn't drink and proof read.