Wait for Daily Zone Retest and BIG BUY for potential 500 pips!!!

2019年12月8日

I chose to use H4 Chart to show because its clear. This analyis is using the Daily and weekly time frame for higher validation. GJ has made a major push up and broke through consolidation box or prior Daily ROOF, major momentum showing that BULLS are in charge. Now pullback should happen to one of the Fibs levels, I have them all colored 38 50 and 61! I will be looking to make my entry at 61.80 but if at 50% it has a great rejection wick or engulf Ill get in there even though its not the most Ideal. That is PLAN A! it also coincides with uptrend on daily and weekly.

Plan B is if it breaks past all fibs levels I will wait until trend line break or break of Daily consolidation bottom to sell it down! This I feel is unlikely but at the end of the day PLAN B!

SIDE NOTE-

If you look at the PAST of this pair, you will see that it does not like to stay this low, the pair likes to stay in the middle so I believe it is working its way back to the normal price points. Look at monthly to see what I mean as well as weekly!