@wijitha, i don't understand how did u put the fib since only 0.38, 0,5 and 0,61 are visible, and i believe u are trusting to much in resistances when there are others beside the price being y = price (horizontal). not sure this would be a good trade
MysticWound
⋅
It has wicked up a good amount of times at the trendline and resistance zone on the 4 hour as well as the fib is showing a 61.8 level which also likes up with the other 2 things mentioned 😌 but let’s see what happens 🙌🏻
Journalbelik22
⋅
@MysticWound, how did u place the fib? resistance and trend lines look saturated, but it already broke one importante resistance. Im not sure if it will reteste it, near my SL. it's looking like a bullish pennant, "undercover", and it seems to want to break it
MysticWound
⋅
look at my idea I just posted it
Journalbelik22
⋅
@MysticWound, can't see x) it should look like this - - the link
@MysticWound, I understand ur point of view. I think this way the fib looks more clean tho, and this place red retangle is a possible zone to be hit, in other situation i would get the SL a bit smaller, even 40 is risky. I do believe tho, that this bullish pennant may be broke without the retest of the previous resistance
MysticWound
⋅
@eyegvsm1, ah I see yea its a weird situation with eurusd right now hahah I'm just gonna stay out to be completely safe :)
Journalbelik22
⋅
@MysticWound, not sure if i deleted the print in the last reply (posted it again ahaha) x) anyway, nice mentality! better be happy for not loosing money than regret not investing it