2017-05-07
Price action has broken above and closed above SMA50 and previous structure high, suggesting reversal to Bullish trend. Currently around a fib 23.6 level and anticipate heading to 38.2/next structure resistance level. RSI and Stoch also indicate continuation into over bought zone suggesting confluence of structure/Fib 38.2 and SMA buy side.
Short term buy for 26 pips.
Price action has broken above and closed above SMA50 and previous structure high, suggesting reversal to Bullish trend. Currently around a fib 23.6 level and anticipate heading to 38.2/next structure resistance level. RSI and Stoch also indicate continuation into over bought zone suggesting confluence of structure/Fib 38.2 and SMA buy side.
Short term buy for 26 pips.
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.
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.