Price had a a strong bullish sentiment after making higher lows and breaks in market structure. We see clear higher highs followed by higher lows. Further confirmation of Bullish momentum by the bullish engulfing we see in this candle. Whether or not it broke my Golden zone it’s definitely closed over the 61.8% Fibonacci extension. looking for a healthy retracement back onto the support before heading into the direction it came from a week ago. (Seems like a reversal.)
Taking a long position expected to last a couple of days.
Tp and SL indicated in the chart.
Taking a long position expected to last a couple of days.
Tp and SL indicated in the chart.