Technical Analysis
1. Market is overbought / Exhaustion on RSI and Fibonacci Level
2. The fall to 3.50 would create a Head & Shoulder
3. 1st Take Profit at 8.20 to expect the market to fall back to 6.30 in which we would re-enter for another buy to 16.30
1. Market is overbought / Exhaustion on RSI and Fibonacci Level
2. The fall to 3.50 would create a Head & Shoulder
3. 1st Take Profit at 8.20 to expect the market to fall back to 6.30 in which we would re-enter for another buy to 16.30
Trade active:
I'm expecting the fall to happen this week in the next couple of days but if it does break up I will update you guys!
Trade closed: target reached