Price will probably go down until 1.05950 to 1.05900 level which is the 78.6 Fibonacci level since RSI is pointing downwards and price just crossed the middle band of BB.
Upon reaching the 78.6 area, price might reverse (check RSI) and this is the chance to enter LONG with the following TP levels:
TP 1: 38.2 FL = 1.06250
TP 2: 50.0 FL = 1.06350
TP 3: 61.8 FL = 1.06450
Upon reaching the 78.6 area, price might reverse (check RSI) and this is the chance to enter LONG with the following TP levels:
TP 1: 38.2 FL = 1.06250
TP 2: 50.0 FL = 1.06350
TP 3: 61.8 FL = 1.06450
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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.