the price comes in bearish trend and brings line of trend with 3 touches broke its previous support and it is testing quite this pulling several wicks the price is losing strength and would be the level being 61.8%
The price has just broken a strong bearish trend line and this bullish formation broke its previous resistance and is trying to set it up as a floor, since its new floor is also at a fibo level
The price broke the trend line and is in the formation of a bearish trend line, plus it broke and tested its previous support as a roof and the roof level is 78.6% of the fibo of good option to sell
We hope that the price returns and tested as a roof the past support that is also 61% a good option to sell, if it breaks the zone we hope the purchase breaking and returning the next resistance floor!
The price is in a good area to fall respecting a strong past support, wait for a good test and sell, if it breaks the resistance and the line of tension wait for the option to buy!
the price is returning to a support area and testing very well as a roof area never used which gives a very good opportunity for sale, then greater tension, if the resistance breaks think about buying
price broke a strong floor, and is returning to the area that is also 38% expectect to retest and self,wait fall to 127% at 15 or 20 pips profit protect
