Looking for strong pivot around this support zone as we can see in play currently.
MACD is finding huge support as well which will lead to our initial signal cross to head for 0 line. Naturally this will kick RSI further out of oversold zone for buyer momentum.
Stop loss is is very clear making this a low risk high reward trade. Close out with a breach and continuation below 1.20500.
TP as mapped on chart and watch for pivot within forecasted trend.
MACD is finding huge support as well which will lead to our initial signal cross to head for 0 line. Naturally this will kick RSI further out of oversold zone for buyer momentum.
Stop loss is is very clear making this a low risk high reward trade. Close out with a breach and continuation below 1.20500.
TP as mapped on chart and watch for pivot within forecasted trend.