Is kissing the 38,2 fibo mandatory?
We have reached a Pivot reisitance Cluster 102.2-102.75, the RSI is signing an overbought market in this TF and the BBs are stressed out. I exspect a shortterm consolidation down to the 38,2 @ 101.5
Trading above the mentioned resistance Cluster will turn the Chart bullish.
Main view: Shortchance below 105?
If the pair would trade below 105, i see the possibility for a further downwave.
First TP of the short is the former low @ 100
Other ideas or comments are welcome
Trading above the mentioned resistance Cluster will turn the Chart bullish.
Main view: Shortchance below 105?
If the pair would trade below 105, i see the possibility for a further downwave.
First TP of the short is the former low @ 100
Other ideas or comments are welcome
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