Even though I see more correction to come, the short-term picture suggests we should see up move first.
We have neckline currently and as long as this holds, we should see re-test 129.50 and 131.50 before lower again.
I am staying on side line because of uncertainty, and prefer selling higher levels, then to go long for now.
For those attempting to try BUY current 127.50-127.60 and place stop-loss below 126.90. Take profit @ 129.90.
We have neckline currently and as long as this holds, we should see re-test 129.50 and 131.50 before lower again.
I am staying on side line because of uncertainty, and prefer selling higher levels, then to go long for now.
For those attempting to try BUY current 127.50-127.60 and place stop-loss below 126.90. Take profit @ 129.90.