Hi all,
Yesterday price hit the 0.618 on the fib of the last move. The purple boxes represent areas where price may become stuck as detailed yesterday price rejected that area nicely. Now I am waiting for price to hit the new hourly zones as market on the chart at the 0.318 - 0.5 on the fibs respectively. Anything past the 0.618 level and we wait for price higher to be tested.
Asif by magic the 0.318 holds enough for me to add a position with minimal risk
As dollar continues to decline we may see this pair fall much further than our current price. I will be posting daily and following this market.
Please follow for updates and watch this space!
Comment and lets talk!
Yesterday price hit the 0.618 on the fib of the last move. The purple boxes represent areas where price may become stuck as detailed yesterday price rejected that area nicely. Now I am waiting for price to hit the new hourly zones as market on the chart at the 0.318 - 0.5 on the fibs respectively. Anything past the 0.618 level and we wait for price higher to be tested.
Asif by magic the 0.318 holds enough for me to add a position with minimal risk
As dollar continues to decline we may see this pair fall much further than our current price. I will be posting daily and following this market.
Please follow for updates and watch this space!
Comment and lets talk!
