Extremely oversold market with divergence
However, the momentum is down, any up move is just a retracement on the daily/weekly
If price breaks past 82.500 it would be a good opportunity to capitalise on the move up which should test around 85.00 area ultimately before continuing the overall down trend move.
Follow for more, like and also share your thoughts ;)
Thanks
However, the momentum is down, any up move is just a retracement on the daily/weekly
If price breaks past 82.500 it would be a good opportunity to capitalise on the move up which should test around 85.00 area ultimately before continuing the overall down trend move.
Follow for more, like and also share your thoughts ;)
Thanks
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Look for an entry on this trade.. wait for small consolidation and then enter!