Some nice pips on a retracement
Daily:
The trend is bearish.
The market has been playing around the (0.85263-0.85022) support zone
As a result, the market may retrace by the OTZ (optimal trading zone)= It is an ideal area to look for the follow-up trades to the downside after the retracement to the upside where one can gain a substantial amount of pips going long.
1Hrly & 4Hrly:
The market must still hit a low to fulfill the divergence on the RSI
Just wait til market hits oversold
The trend is bearish.
The market has been playing around the (0.85263-0.85022) support zone
As a result, the market may retrace by the OTZ (optimal trading zone)= It is an ideal area to look for the follow-up trades to the downside after the retracement to the upside where one can gain a substantial amount of pips going long.
1Hrly & 4Hrly:
The market must still hit a low to fulfill the divergence on the RSI
Just wait til market hits oversold
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