Presented is an analysis based off the rejection we see at around 105.00 with a pivot.
With MACD/SIGNAL heading towards zero line momentum will increase and drop the RSI further towards oversold zone.
Take profit 1 is marked at a potential support pivot 104.00. Take profit 2 is marked at key support 103.600. 103.400 is a final retest within channel of 103.600 breaks. This is set up for decent profit.
Please comment with thoughts and ideas. Thank you.
With MACD/SIGNAL heading towards zero line momentum will increase and drop the RSI further towards oversold zone.
Take profit 1 is marked at a potential support pivot 104.00. Take profit 2 is marked at key support 103.600. 103.400 is a final retest within channel of 103.600 breaks. This is set up for decent profit.
Please comment with thoughts and ideas. Thank you.