It looks like we are falling on an upward trendline. if it holds it may be a good long. I would wait until after the New York session to see if price pushes through or holds. if possible, enter around 111.696, Place stop at 110.922 Target 113.693.
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This is a great example of resistance at a point of control on a long term volume profile. The RSI has recently dropped below the 70 mark and I believe we are in for a nice short.
Enter around 1.30568 STP 1.312 maybe a bit more if your risk tolerance is higher Target 1.268
good luck and happy trading.
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Over the last two weeks we have see and consolidation in a transition zone with lower lows. Currently price is sitting above a volume point of control. A point of control like this can provide substantial support or resistance. The sagging RSI leads me to believe that price will drop however before entering the trade id like to see price fall below the point of...
This is the third time price has reached this area, RSI suggests its overbought and we are at an unfair low on the volume profile. Enter around .91506 STP at .91513 although you could go out a bit further, Target at .92749.
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It looks like we are exiting a transition zone and headed back to September lows. The RSI shows we overbought, looking back on the RSI price has tended to reverse when it reaches above the 60. You could short at 132.098, Place stop at 133.160 and target 129.050.
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Hello everyone, It looks like we are coming up against some resistance at the end of a head and shoulders pattern. I believe price will return to the lows from the middle of August. Although RSI is not above the 70 level, market bias appears to be short. Enter at 1.1748 Stop 1.18675 Target 1.1386 respectively.
Great looking Triple top with RSI in overbought territory. Id like to see price retest the reversal area, although that may not happen . Set entry for 118.009 STOP:118.710 Target:115.111
