Great opportunity to take advantage of a lot of things that I look for when entering a trade:
1. Downtrend with consolidation, turning into an uptrend.
2. Pullback hitting key fibs and doing what it's supposed to do.
3. RSI going from oversold area to overbought area.
4. Small body candles showing reversal all over the place!
5. Price moves all the way back to recent resistance area from back in January (1.9100's area)
Great Risk to Reward Ratio Here.
Kommentarer
GcNaif
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i think its setting up for something like this, rectangle at the top of my chart below could be possible reversal zone for a retrace upto down arrow and then back to the completion of ABCD on my chart what do you think Dale.
what do you think Dale.