Hey guys, this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see.
If you have questions or you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
It's in a channel for me with a final TP at 86.343, which is about where two trendlines cross paths. But where to start - that's the tricky bit. 78.219 is my stab in the dark.Price is 87.414. Good morning :-)
Glendoonie
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@Glendooie, My trade active and slightly negative. TP moved to 86.620 because I want to be out of it.
Roker1
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@Glendooie, that's the rookie mistakes that novice traders do. You should have a strategy that tells you when to get out, one way or another. I would have entered at 87,45, but my trade is not active now.