Presented is a buy forecast based off support.
We see a current wick pivot at .91600 zone. A pivot here will correct MACD and RSI to push momentum towards take profit target at .92300.
On the contrary we may see a break of .91600 to retest .91400 zone for a pivot. Naturally RSI will make a full breach into oversold for a correction while MACD/SIGNAL will breach further beneath 0 line before a correction.
I mapped out the two potential directions on chart.
Please comment with thoughts and ideas. Thank you.
We see a current wick pivot at .91600 zone. A pivot here will correct MACD and RSI to push momentum towards take profit target at .92300.
On the contrary we may see a break of .91600 to retest .91400 zone for a pivot. Naturally RSI will make a full breach into oversold for a correction while MACD/SIGNAL will breach further beneath 0 line before a correction.
I mapped out the two potential directions on chart.
Please comment with thoughts and ideas. Thank you.
Trade active:
At pivot zone