Hi Traders,
For Dixie, I see that price may continue down the bearish trend. With 2 strong high can be seen on the 6h chart. A reversal have been confirmed. I will be looking for price to retest the 0.618 fib level again. That area is also strong supply area.
We ended on Friday consolidating in the Thursday 7pm candle. As for this coming week, I would like to see to break the top of the inside bar area. Clear liquidity from the top at the 0.618 area, before continue down to the 6hr strong low.
Target Area: 105.5
Thank you. Like and Follow me. Have a good weekend.
For Dixie, I see that price may continue down the bearish trend. With 2 strong high can be seen on the 6h chart. A reversal have been confirmed. I will be looking for price to retest the 0.618 fib level again. That area is also strong supply area.
We ended on Friday consolidating in the Thursday 7pm candle. As for this coming week, I would like to see to break the top of the inside bar area. Clear liquidity from the top at the 0.618 area, before continue down to the 6hr strong low.
Target Area: 105.5
Thank you. Like and Follow me. Have a good weekend.