A very good opportunity to go LONG once you see a reversal candlestick pattern on Daily Time Frame or any other confirmation on lower Time Frame. Fibonacci Retracement is 50% right on previous structure as well as support of diagonal trend line.
What do you guys think?
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HI Traders,
For those of you who couldn't get on the long position, now is a good time to get hop on the new trend as we have a pull back right at previous structure and market should resume the long trend. Just wait for a candlestick pattern for confirmation(i.e bullish englufing, morning star, hammer, etc.)
Good luck and please like and follow to get more of my analysis :)