We are looking for a ripple effect FIB layout for this trade here. We see great confluence with the International Level being very close to the 62% entry which is also the 38% entry for the 4 hour long (yellow line) giving us strong dynamic support.
To top it off the 70% level is a S/R level on the 4 hour time frame (purple line).
After our analysis we are very confident that price will bounce off of those 2 entry points.
To top it off the 70% level is a S/R level on the 4 hour time frame (purple line).
After our analysis we are very confident that price will bounce off of those 2 entry points.