Hello Traders Welcome Back. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. *** Please consider to put a like to my idea...
KMX is approaching our first resistance (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fiboancci retracement) where we might see a drop in price to our first support (Horizontal pullback support, 61.8% fibonacci retracement). Stochastic is approaching resistance as well.
KMX is approaching our first support at 54.37 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur to our first resistance at 67.25 (horizontal overlap resistance, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding bounce in price.