Hey tradomaniacs,
I think my charts shows all what I wanna say.
61,8% retracements are very common for long-term-traders and was used to sell-off the tryharding bulls to recover from that brutal drop we had in feb. 2018!
We`ve been testing this level for three times plus a fake-out and this could be an amazing chance to sell or buy.
If we see an A-B-C-Pattern showing a strong resistance at this price we could see a very nice chance to buy with an amazing Risk-Reward-Ratio.
Wether the market drops or climbs, it`s a very nice position for both directions. So keep your eyes open and pay attention.
We will see. :-)
Peace out and good trades
I think my charts shows all what I wanna say.
61,8% retracements are very common for long-term-traders and was used to sell-off the tryharding bulls to recover from that brutal drop we had in feb. 2018!
We`ve been testing this level for three times plus a fake-out and this could be an amazing chance to sell or buy.
If we see an A-B-C-Pattern showing a strong resistance at this price we could see a very nice chance to buy with an amazing Risk-Reward-Ratio.
Wether the market drops or climbs, it`s a very nice position for both directions. So keep your eyes open and pay attention.
We will see. :-)
Peace out and good trades
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