SXPUSD broke today above the MA50 (1d), just three days after breaking above the 3 month Channel Down. This is the final bullish validation of the upcoming long term bullish reversal.
Trading Plan: 1. Buy on the next pull back to the MA50 (1d). 2. Buy if the price closes a (1d) candle over Resistance (1) first.
Targets: 1. and 2. 0.5900 (Fibonacci 0.618)
Tips: 1. The RSI (1d) is at the highest level since April 6th, a clear signal that the trend has reversed.