• Price is currently trading above the uptrend trend-line.
• Higher tops and higher bottoms.
• is ABOVE the equilibrium level - 50 BUT with a divergence.
With a break (daily close) below the S1 at 101.47, we will recommend SHORT POSITIONS for the no position holders on MasterCard. Take profit at 95.05 S3 and stop loss should be a bit above the 102.00, thus the stop loss is at 102.50 area.
For Short-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
While sentiment remains unclear, it is better for long position to wait for a break above the of 130.30 R1. Then long strategy will be with take profit at 105.50 R2 and stop loss a bit below the R1.