Confluences for this setup:
- Corrected to fib level so can now expect next bullish impulse
- 61.8 has acted as resistance in the past and is now being tested as support
- Dynamic support has been tested 3x so can expect another bounce to upside
- Near to 18 EMA so can expect price to gather bullish momentum
1:5 RR on this trade
- Corrected to fib level so can now expect next bullish impulse
- 61.8 has acted as resistance in the past and is now being tested as support
- Dynamic support has been tested 3x so can expect another bounce to upside
- Near to 18 EMA so can expect price to gather bullish momentum
1:5 RR on this trade