1. RZI looks good with good volume.
2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign.
3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range.
4. Over all trend is up with confirmation.
5. Good buying position is 0.800
6. I think the first take profit should be as below:
a. Fib level 0.786 at $0.845
b. Fib level 1 at $0.990
Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
Trade active:
TP-1: 76% at 0.904.
TP-2: Target 0.95 for remaining 35
TP-2: Target 0.95 for remaining 35
Trade closed: target reached:
target reached.