We see here that there is a potential reversal setup.
There is divergence in price action and the RSI indicator.
Pending buy order set at 109.880
We will keep this idea updated if we spot the price action continue to the down side. If that happens we will move our entry to a lower position.
Let us know if you have any questions!
We linked to other ideas that...
Handling a very tricky case. An account handed over that was on the verge of losing just about 500k GBP.
The unwind is tricky and stressful, very much dependent on the price touching up to 2120 and beyond.
Here is the chart with a clear head and shoulder pattern supported by waves Fib and MACD
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
