Looking at the chart right here , we can see structure has been broken with a huge demand in the market pushing it to the upside ,
now price is slowly retracing with a less seller in the market and we can expect it pull back to the 61.80% fib retracement area with the strong demand zone ,
if we use a 200MA in the 8hr bigger timeframe as well , we can expect it reject to the 200MA and having another bull run .
let me know what you guys think about this idea !
now price is slowly retracing with a less seller in the market and we can expect it pull back to the 61.80% fib retracement area with the strong demand zone ,
if we use a 200MA in the 8hr bigger timeframe as well , we can expect it reject to the 200MA and having another bull run .
let me know what you guys think about this idea !