Possible setup?
1. IF price breaks immediate trendline then this should confirm the phase 2 retracement.
2. Possible levels of reversal may happen at the double fib level from the last two swing points which so happens to be 50% and 61.8%
3. IF this happens then wait for price action to show you when to get in.
4. Possible target level 1.618.
1. IF price breaks immediate trendline then this should confirm the phase 2 retracement.
2. Possible levels of reversal may happen at the double fib level from the last two swing points which so happens to be 50% and 61.8%
3. IF this happens then wait for price action to show you when to get in.
4. Possible target level 1.618.