at first this Idea was only looking out for continuation trend so I decided to make long idea first, but I'll provide short idea too because maybe others have different idea too, so why not 2 bird at one stone?
look at plotted Fibonacci Retracement, ploted on uptrend and blue elliotwave point 4 & 5 here price hits sweet spot 61.8% and did boosted up to green elliotwave 1.
and by focusing buy since 3rd blue wave seem to be nice hold till it reach new high.
but have a look back on green elliot wave 1 and 3 where downtrend start to forming, but moving average seem not to be conforming the downtrend so I'll provide short idea in picture on comment bellow.
All the best traders ^^/
look at plotted Fibonacci Retracement, ploted on uptrend and blue elliotwave point 4 & 5 here price hits sweet spot 61.8% and did boosted up to green elliotwave 1.
and by focusing buy since 3rd blue wave seem to be nice hold till it reach new high.
but have a look back on green elliot wave 1 and 3 where downtrend start to forming, but moving average seem not to be conforming the downtrend so I'll provide short idea in picture on comment bellow.
All the best traders ^^/
הערה:
for those who brave enough, im not sure if price will go here but hey swing traders getting heavy bricks ;)
for those who brave enough, im not sure if price will go here but hey swing traders getting heavy bricks ;)
הערה:
here is the idea for short on USDCAD