Short-term we have some correction, but still overbought status, but not severe.
The medium-term picture suggest we should see lower 119.00 return levels to relieve the pressure.
The view is still SELL @ 122.50-60 range (I already did near those levels as suggested yesterday).
Further we add above 123.50 again and if lucky 124.60-70.
The profit level for now 119.87 but feel we may go lower.
The medium-term picture suggest we should see lower 119.00 return levels to relieve the pressure.
The view is still SELL @ 122.50-60 range (I already did near those levels as suggested yesterday).
Further we add above 123.50 again and if lucky 124.60-70.
The profit level for now 119.87 but feel we may go lower.
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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.