Two potential outcomes, either:
- Bounce between the 135.040 - 141.232 range.
The Stochastic is overbought. Entry Long will be the first green candle to make a new high.
- Or, Breakdown to next support at 129.205. Price action is below all EMAs on the 1day chart. Will look for a breakdown past support, and enter Short as it retests the resistance.
Two potential outcomes, either:
- Bounce between the 135.040 - 141.232 range.
The Stochastic is overbought. Entry Long will be the first green candle to make a new high.
- Or, Breakdown to next support at 129.205. Price action is below all EMAs on the 1day chart. Will look for a breakdown past support, and enter Short as it retests the resistance.