Price has converged with the 38.2% retracement, top trendline AND the 200MA on the 4HR time frame, which is also also in line with the 100MA on the Day time frame.
This gives us a reason to trade as it seems to be a strong technical level to trade off..
Initially i will be selling of this level, however if price breaks these levels i will buy and target 50% retracement and then the 61.8% retracement.
Please let me know what you think...
Thanks
-L
This gives us a reason to trade as it seems to be a strong technical level to trade off..
Initially i will be selling of this level, however if price breaks these levels i will buy and target 50% retracement and then the 61.8% retracement.
Please let me know what you think...
Thanks
-L