Fibbo 61.8% rejected the price go down after breaking its uptrend support. short term analysis showing strong bearish signals.
looking close at 61.8% PA shows that price can go both ways
so waiting for confirmation for short is breaking 61.8% in the next 2-3 candles.
confirmation for long is breaking of 1.4100 resistance.
(this analysis is also a outlook for 1H chart analysis in the related ideas)
looking close at 61.8% PA shows that price can go both ways
so waiting for confirmation for short is breaking 61.8% in the next 2-3 candles.
confirmation for long is breaking of 1.4100 resistance.
(this analysis is also a outlook for 1H chart analysis in the related ideas)
