The trend reached the key resistance that has been offering rejection between bottom support shown on map. A break and continuation above this resistance would sentiment long continuation. This is a safe trade if it does breach the resistance and continues with the current close proximity.
My sentiment is a pivot to bottom support following chart pattern.
MACD is attempting to correct a cross down through signal while RSI is making a sharp move out of overbought zone.
Attached is my previous analysis with spot on price action. Please comment with thoughts and ideas. Thank you.
My sentiment is a pivot to bottom support following chart pattern.
MACD is attempting to correct a cross down through signal while RSI is making a sharp move out of overbought zone.
Attached is my previous analysis with spot on price action. Please comment with thoughts and ideas. Thank you.
Trade closed: stop reached:
SL hit
