BUY into Confluence!!
Using a Fibonacci retracement starting from the most downtrend (117.35) to current lows and adding a second retracement from the "Brexit" sell off candle (111.30) to current lows we can see key points of interest.
-Price did a good job of respecting 38%fib level @ 107.65
-The 38% level lines up with the 61% level making a perfect confluence zone
We have a nice symmetrical wedge setup so a BUY or SELL opportunity is in the works.
Ideally I would like to see price breakout higher - retest 38%/61% confluence zone and sell off back to recent lows
-Price did a good job of respecting 38%fib level @ 107.65
-The 38% level lines up with the 61% level making a perfect confluence zone
We have a nice symmetrical wedge setup so a BUY or SELL opportunity is in the works.
Ideally I would like to see price breakout higher - retest 38%/61% confluence zone and sell off back to recent lows
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.