With clearly oversold technicals near the beginning of last week, strong price and volume movement looks to redirect the price back into the downtrend channel. RSI/MACD/OBV all support this. Looking for volume confirmation on Monday for a potential move to 1.50 - buying in PM at 1.00 or below with a SL at 0.9, the EMA10.
Comment:
Not a bad day, trend still intact and providing a nice buying spot at 0.88. Tight SL at 0.80 for limited downside risk.