On the daily, I see that price was in an uptrend. Price has already hit -27 after pulling back to the 23.6 on the daily fib, indicating continuation.
On the 4Hr, I see that price was in a downtrend, hit -61.8 on the 4HR fib and reversed to an uptrend. Now in an uptrend, price pulled back to 38.2 and continued upward.
On the 1HR, I see that price was trending upward crossing but broke through the 1Hr trendline and is retesting for the sell. Price pulled back to 38.2 on the 1HR fib
I am looking to see if price will either
(1) retest the 1HR trendline for the sell to the previous support/resistance OR
(2) Break through resistance for the buy to the resistance area, which is also -27 on the 1HR fib, which is also the weekly key level.
(70 - 80 pips)
On the 4Hr, I see that price was in a downtrend, hit -61.8 on the 4HR fib and reversed to an uptrend. Now in an uptrend, price pulled back to 38.2 and continued upward.
On the 1HR, I see that price was trending upward crossing but broke through the 1Hr trendline and is retesting for the sell. Price pulled back to 38.2 on the 1HR fib
I am looking to see if price will either
(1) retest the 1HR trendline for the sell to the previous support/resistance OR
(2) Break through resistance for the buy to the resistance area, which is also -27 on the 1HR fib, which is also the weekly key level.
(70 - 80 pips)