There is simply magic fibo lvl. We could bounce from there.
Scenario as follows:
1. Breaking the channel resistance. Why ? 4H nice pin bar, downtrend line of the channel + support price action area.
2. One more push down to 6340-5700. Why this zone ? Weekly MA 200 would be pretty good support.
Scenario as follows:
1. Breaking the channel resistance. Why ? 4H nice pin bar, downtrend line of the channel + support price action area.
2. One more push down to 6340-5700. Why this zone ? Weekly MA 200 would be pretty good support.
