If prices hold at this level, it should bounce back around blue box.
After that, looking for long position, prices should be side-way around here in between the red line and blue box before breakup. Cutloss should be when price crosses the red line down.
If looking for short position, taken a reversal PA when price bounces up to blue box area. Use fibo target as TP for short position.
After that, looking for long position, prices should be side-way around here in between the red line and blue box before breakup. Cutloss should be when price crosses the red line down.
If looking for short position, taken a reversal PA when price bounces up to blue box area. Use fibo target as TP for short position.