Reason for buying:
* Price broke the trend line and made a pullback to the broken trend line suggesting that now is time to start buying.
Target:
The fib extension helps to determine our buying target.
Price has retraced to the 0.786 (1.83183) level which means that it'll go up to the 1.272 (2.37749) level.
Entry:
For entry point, we have to look at lower time frames.
* Price broke the trend line and made a pullback to the broken trend line suggesting that now is time to start buying.
Target:
The fib extension helps to determine our buying target.
Price has retraced to the 0.786 (1.83183) level which means that it'll go up to the 1.272 (2.37749) level.
Entry:
For entry point, we have to look at lower time frames.
