NOV is approaching our first resistance at 30.16 (horizontal pullback resistance, 23.6% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 24.17 (horizontal swing low support). RSI (89) is seeing a bearish exit and we might see a corresponding drop in price.
Seems like a pull back is unfolding. Possibly nearly 33ish. Wait for a better entry and target to $41.5.
Hello! Dudley and his governor friend George are out to speak in less than 25 minutes and the US market and EURUSD is not making a noise since. At least on Minute 1 chart I don't see anything that catches my eye, but we should see a fine spike on M30 if it reaches 1.0600 (roughly) and take advantage of that. I'll show you how and I will be updating this idea as...
Hi! RSI and Bollinger just confirmed and entered the deadzone, while those Government guys should have some impact on EURUSD to drive it lower. I see a very good scalping opportunity. I will update this idea as time goes by, thank you!
If you are one who trades what they see then this is right up your alley. The First Thrust down off the peak is the A wave then comes snapback rally for the B wave which is what we are in now. Only time will tell if this issue breaks to the downside of the B wave bear channel.