Fib confluence strong EU Resistence

Triple fib confluence (x2 618 x1 127) at 158 even handle looking for possible bearish continuation

Very similar to AU trade taken last week

Plan your trade trade your plan!!

Yorum:

Was stopped out of this trade and now waiting on more price action as this truly could go either way, however after most recent price action of breaking that Fibonacci area then retesting and continuing upward could show another side of the story.

Fib level could act as support which if it holds would be a great indicator to a bullish move upward especially with the large wick closing perfectly on our area of confluence, if followed by a green candle would add more confirmation to an intention to move upward.

Looking for a possible long position if this level holds and continues momentum upward for a retest of the large consolidation range that held EU for weeks