In my opinion, good time to sit tight. Lower channel in play now running .79 to .65...price could gap down as I believe this was the original bull channel in play until price latched on to a steeper one, but that trend has exhausted.
Wait and look for price to break .90 and stay below .87 for confirmation that lower bull channel is now active. If this is the case, entry target around .67 Otherwise a bounce off .90 past .93 leaves some upside clearance for price to move to $1.05 but not a great risk reward skew in either case to be playing long for my appetite.
Wait and look for price to break .90 and stay below .87 for confirmation that lower bull channel is now active. If this is the case, entry target around .67 Otherwise a bounce off .90 past .93 leaves some upside clearance for price to move to $1.05 but not a great risk reward skew in either case to be playing long for my appetite.