For this analysis, I'm not rely just on Fibonacci level but there's another confirmation that I think the price might pullback before go bullish. Firstly, we can see there's no LL created and strong buying momentum breakout at Resistance (now become Support) area. Secondly, the price still respect the trendline and selling momentum starting to slow down. I expect the price might move to Resistance become Support area which it is in line with Golden zone Fibonacci Retracement. Also, I will consider to entry only/if the price ranging around Support area and that's my last confirmation to entry using price action. No fancy strategy, simple but profitable. Happy trading and Happy Ramadhan Mubarak to all Muslim around the world!
Trade fechado: objetivo atingido:
Hit TP
