Technical analysis by Dkhantastic about Symbol CFX: Buy recommendation (4/12/2023)

CFX again broke out from previous resistance and now came back for a retest of resistance turned support zone at around 0.3900-0.3800. I have set fib levels using fib tools and have placed my Limit orders between 0.3950-0.3900.If tested successfully we might again see a rally up to 0.4850 where there's another resistance.Guys CPI data is coming out today, I would advice you not to take trade because market will be heavily volatile, so staying out is better.Guys my SL is hit, CPI volatility took me out, that's why I advised you also to stay out of trade.I'll re-enter into trade if it turns into our direction.Guys I am entering again in this trade @0.3800 with a SL @0.3700.If you wish you can do the same.Guys I took an entry @0.386, price didn't come back to 0.38.So far good, let's see how it finishes up.Market took me out again, SL hit.