Price tests 50% zone on Fibonacci numerous times on the 1D.
EVE-EVE double top on the 4H chart:
To understand what I mean by "Eve/Eve", highly recommend to check out the book: 'Encyclopedia of Chart Patterns; Second Edition by Thomas N. Bulkowski- it has around 850 pages.
Happy Trading!
İşlem aktif
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100+ pips in profit, SL- 20 pips in profit.
İşlem aktif
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200 pips in profit, SL increased to 100 pips in profit.
Nice view friend. I think we will see one more move up first.
UnknownUnicorn2215917
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@DaweFXHunter, Thank you for your comment. Yes, I agree, there is definitely potential for another move higher, but for the time being it looks like there is a lot of sell pressure keeping price restricted in that 50% area.