I was looking at EJ on 1h chart with data from 4h time frame and notice that as per ProTrader set up, the long entry was at 136.147 level and from the way price is moving, retrace on 15min or 30min chart may open up opportunities to go long as price may aim for the levels 137 (high probability and 138 (probable).
For the curious types, the levels are Fibonacci Sequence and on many occasions I have seen that when the levels are printed, price does hit at least the first target level.
Let's see what happens this time.
I am always interested to discuss markets and Technical Analysis (especially Fibonacci).
For the curious types, the levels are Fibonacci Sequence and on many occasions I have seen that when the levels are printed, price does hit at least the first target level.
Let's see what happens this time.
I am always interested to discuss markets and Technical Analysis (especially Fibonacci).
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This one did not work out and hit the suggested SL level.
