The price reversed from 1.00300 resistance level. RSI confirmed price reversal. MACD lines support downward movement. Bearish divergence gives a trend reversal signal. DMI allows opening short trades. It's sell opportunity and we can place pending orders below the local swing low at 0.99450 level. Stop orders must be placed at 1.00350 level. The main profit target is at 0.98600 level. The 2nd target is at 0.97000 support level.
@DLavrov thankyou very much for your analysis would sincerely love to be seeing more analysis from forex too as you do with crypto.......remain blessed......thankyou with the great work
YuriyFyedin
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hey DLavrov, sorry to bother you, but if you get a chance, can you do a chart of Palladium ? please because its overbought in the monthly, weekly and daily but at the same time we have a cup and handle formation, and at the same time its like breaking almost a new high.