At this point, I would expect another retracement to 106.50 area before proceeding with the trend. I will look to go long at this point. This is still at least a few hours away.
Note
We did not get the retracement I was looking for. We got consolidation instead. When RSI and MA reach between 47-55 I will be going long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.