After dropping alot the range became more narrow while the daily time frame is at a support area. The Stoch Rsi made a nice bullish cross-over out of the oversold area confirming that selling pressure is over. A break-out of the upper range will be above 0.6888.
How to trade
- Buy at current market price or above 0.6888 with a stop-loss 0.6820. Take profit at 0,7040.
- Sell a break-out of the lower range. stop-loss 0.6920 and take-profit 0.6720
How to trade
- Buy at current market price or above 0.6888 with a stop-loss 0.6820. Take profit at 0,7040.
- Sell a break-out of the lower range. stop-loss 0.6920 and take-profit 0.6720