the market has reached the 0.78 level but it could not be broken with force and we see a wick on the last candle. for me it is a sell signal. So if the price breaks the level 0.61 fibo there ' will have a probability of going to level 0.5 fibo or less
on the other hand if the price has rebounded it is necessary to forcefully break the level 0.78 fibo there will be a probability of going towards level 1 fibo.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
on the other hand if the price has rebounded it is necessary to forcefully break the level 0.78 fibo there will be a probability of going towards level 1 fibo.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.