It is still under pressure, and FISHER FORM shows potential decline towards 103.00-102.90 area. MACD is positive and RSI is oversold, but not extreme.
I feel based on that information, we may see selling pressure, but am a preferred buyer lower levels.
Strategy BUY @ 102.90-103.10 and take profit mid-regression channel 104.20.
I feel based on that information, we may see selling pressure, but am a preferred buyer lower levels.
Strategy BUY @ 102.90-103.10 and take profit mid-regression channel 104.20.
Trade active
Bought 103.24Trade closed: target reached
I closed position @ 103.87
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Disclaimer
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.