Possible long entry:
- Possible chance for correction before continuation of uptrend
- Correction possible as it has ended below the psychological 1.25000 level
- If correction does happen and the market has started to reverse on the psych level, the fib drew out should be valid and the 50% level is there
If the market decides to continue without retracing, I will look for retests on the 1.25000 psych level to take a long.
- Possible chance for correction before continuation of uptrend
- Correction possible as it has ended below the psychological 1.25000 level
- If correction does happen and the market has started to reverse on the psych level, the fib drew out should be valid and the 50% level is there
If the market decides to continue without retracing, I will look for retests on the 1.25000 psych level to take a long.
