JUST AN FOR THIS WEEK AHEAD
The buyers have the last few pips to cover. It is not safe to sell right now
Daily: The market is in a downtrend The market is currently at a support zone 1 Hrly & 4Hrly: The RSI and the market are both indicating divergence
AT THE SWAP LEVEL- BROKEN AND RETESTED BUY ON RETRACEMENT
THE MARKET HAS BROKEN AND IS RETESTING A STRONG SUPP/RES SWAP LEVEL MARKET IN OVERBOUGHT CONDITIONS ACCORDING TO THE RSI THE DXY(DOLLAR INDEX) IS IN A BULLISH CONDITION=USD IS GAINING STRENGTH PATTERN=ASCENDING TRIANGLE
M.A CROSSOVER WEEKLY RESISTANCE RSI OVERBOUGHT CONDITION HEAVILY
MARKET IS IN OVERBOUGHT CONDITION MAJOR RESISTANCE ON THE WEEKLY
2 TARGETS MARKET IS IN OVERSOLD CONDITION
NB!!!!!NB!!! MONITOR THE TRADE ON THE SECOND TARGET
NB!!!!!! FOR SECOND TARGET PLEASE MANAGE AND MONITOR TRADE
AT A DAILY RES ZONE LAST HIGH NEEDS TO BE MADE BEFORE DROPPING POSSIBLE CROSS-OVER
POSSIBLE DOUBLE-BOTTOM ON THE 1H CHART FORMING ALONG WITH PREDICTIONS
The 1H Timeframe, There is a divergence on the RSI and the dollar is GAINING STRENGTH