2017-05-07
Down Trend continues with possible Future D at 1.0665 level. RSI and SToch indicate mid point price action with no obvious entry point yet. Will look for an Overbought opportunity to SELL down to Fib Future D. PRice action currently re-testing/respecting previous structure at the fib 1.272 level (1.07186). This suggests the current action could be seen as a retracement before further bearish move.
Down Trend continues with possible Future D at 1.0665 level. RSI and SToch indicate mid point price action with no obvious entry point yet. Will look for an Overbought opportunity to SELL down to Fib Future D. PRice action currently re-testing/respecting previous structure at the fib 1.272 level (1.07186). This suggests the current action could be seen as a retracement before further bearish move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.