Yesterdays Daily candle closure at $0.32549 didn't reach and close above the desired level of $0.32700 to be able to sustain bullish momentum. Price spiked up to $0.33 in line with previous resistance on 6th March before falling down to the $0.32100 level.
A test of the 61.8% Fib and a 5th trendline touch at $0.32044 would provide me with a good opportunity to enter the market.
Entry - 0.32044
SL - 0.31484 (56 pips)
TP - 0.32270 (222.6 pips)
Risk Reward - 3.98/1
UPDATES ON TWITTER - @FarrenTom
A test of the 61.8% Fib and a 5th trendline touch at $0.32044 would provide me with a good opportunity to enter the market.
Entry - 0.32044
SL - 0.31484 (56 pips)
TP - 0.32270 (222.6 pips)
Risk Reward - 3.98/1
UPDATES ON TWITTER - @FarrenTom