Profit taking was slightly early at 95.30, but ok it worked. I felt the run, and pattern looked a bit confusing.
Now looking at 4-hourly chart, we start seeing tpping 95.85 and next resistance based on cloud top next to our current is around 96.01.
The RSI is little bit overbought, but not extremely, and the stochastic is likely to turn positive. I still feel considering our run upwards, to do a SELL strategy at current 95.75-95.80 area and place stop at 96.17 (for safety). Profit target 95.07.
Now looking at 4-hourly chart, we start seeing tpping 95.85 and next resistance based on cloud top next to our current is around 96.01.
The RSI is little bit overbought, but not extremely, and the stochastic is likely to turn positive. I still feel considering our run upwards, to do a SELL strategy at current 95.75-95.80 area and place stop at 96.17 (for safety). Profit target 95.07.
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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.