Hi Traders,
Nice area to look for SHORT opportunity. The price is approaching a supply zone between 111&112. The trend is still down i.e both EMA&trend line is pointing down. Note also the price bouncing between fibonnaci levels of 0.786 and 0.618.
It will better if one of both RSI showing oversold condition or Stochastics breaking the 80's area.
Happy trading
Nice area to look for SHORT opportunity. The price is approaching a supply zone between 111&112. The trend is still down i.e both EMA&trend line is pointing down. Note also the price bouncing between fibonnaci levels of 0.786 and 0.618.
It will better if one of both RSI showing oversold condition or Stochastics breaking the 80's area.
Happy trading