We can see it is bullish from the monthly, weekly and daily chart. refer to the bottom yellow monthly trendline.
Looking at the daily chart we can see it has been respecting the 50%Fib nicely.
Dropping down to lower H4 timeframe, it is has been follow the trendline well, however we are expecting it to break out either around 61.8% or 78.6Fib area to active a buy order.
Stay tuned for next week, I will update an entry for my followers.
Looking at the daily chart we can see it has been respecting the 50%Fib nicely.
Dropping down to lower H4 timeframe, it is has been follow the trendline well, however we are expecting it to break out either around 61.8% or 78.6Fib area to active a buy order.
Stay tuned for next week, I will update an entry for my followers.