On the monthly, I see that price broke through the monthly trendline and retested for the buy. On the weekly, price was on a downtrend, but broke through for the buy.
On the daily, I see that price is in an uptrend, It retraced to 38.2 on the daily fib and hit TP1 -27.
On the 4HR, I see price was in an uptrend. It retraced 50% and hit -61.8 on the 4HR fib. Then came back to the monthly key level which also on the support/resistance area.
On the 1Hr, I see that price was in an uptrend and hit TP2. Rejected at the weekly key level, price broke through the 1Hr trendline for the sell. Now in a downtrend, price pulled back 50% on the 1hr fib and is ranging between the monthly key level and previous resistance. On the minor downward trend, price has reversed after hitting -61.8. The last few minor fibs all hit -61.8.
I am looking to see if price will break and retest the minor trendlines and come back to and respect the 1hr downtrend line (40 - 100 pips)
On the daily, I see that price is in an uptrend, It retraced to 38.2 on the daily fib and hit TP1 -27.
On the 4HR, I see price was in an uptrend. It retraced 50% and hit -61.8 on the 4HR fib. Then came back to the monthly key level which also on the support/resistance area.
On the 1Hr, I see that price was in an uptrend and hit TP2. Rejected at the weekly key level, price broke through the 1Hr trendline for the sell. Now in a downtrend, price pulled back 50% on the 1hr fib and is ranging between the monthly key level and previous resistance. On the minor downward trend, price has reversed after hitting -61.8. The last few minor fibs all hit -61.8.
I am looking to see if price will break and retest the minor trendlines and come back to and respect the 1hr downtrend line (40 - 100 pips)