Price is kinda in no man's land at this point of time but we have a slight bias to the downside.
BEAR CASE
Price to retest 94.2 at the same time, RSI to retest 90, followed which a farther dump to continue. Price can immediately open short next week before moving up. Look out
BULL CASE
I won't be surprised if price hits the top of the channel again. If entering a short trade, minimise the lot size.
BEAR CASE
Price to retest 94.2 at the same time, RSI to retest 90, followed which a farther dump to continue. Price can immediately open short next week before moving up. Look out
BULL CASE
I won't be surprised if price hits the top of the channel again. If entering a short trade, minimise the lot size.
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.
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.