retracement needed
Pound had gone through hell today and now on the way back for a revisit before heading back, DXY has started its correction giving way for its counter pairs a breath (hopefully).
The D chart RSI is near the edge of oversold, lower TF are all oversold, so there's a high chance that it has bottomed for now at 1.25334.
TP: Fib based, not to be greedy as Pound seems very weak
SL: below the lower edge of downtrend channel formed since 8th, July.
Trailing from 1.258 is recommended.
The D chart RSI is near the edge of oversold, lower TF are all oversold, so there's a high chance that it has bottomed for now at 1.25334.
TP: Fib based, not to be greedy as Pound seems very weak
SL: below the lower edge of downtrend channel formed since 8th, July.
Trailing from 1.258 is recommended.
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