AT A DAILY RES ZONE LAST HIGH NEEDS TO BE MADE BEFORE DROPPING POSSIBLE CROSS-OVER
POSSIBLE DOUBLE-BOTTOM ON THE 1H CHART FORMING ALONG WITH PREDICTIONS
The 1H Timeframe, There is a divergence on the RSI and the dollar is GAINING STRENGTH
on the daily timeframe, the market retraced to the optimal trading zone after the 1:00 am news Opportunity is available at this level for continuation of the downtrend. This is further qualified by the RSI on the 1H timeframe= It is overbought.
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...
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...
On the daily: The market is on a strong uptrend The market is approaching a strong support zone (1.83473-1.84522) 1 &4 Hrly: Both timeframes indicate that the RSI is moving to the oversold= Price must still continue downwards before a possible divergence it is recommended for on to take the trade on the retracement as indicated in the long position forecast