I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI.
My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought...
The market is still in uptrend, trying to reach the target at 1.14410. We think there is a nice probability to invert the direction.
We expect a breakout on the support at 1.12903 trying a short from the breakout to TP1 (38% Fibonacci and secondary support) and TP2 (50% Fibonacci and previous support).
Let us know if you like our opinion, and if you have some...