Looking at the US dollar currency index-
Bearish divergence on histogram and RSI
W%R showing that's its over bought
Price nearly reaching the target of 618 fib
This is where ill be taking my profits. Looking for a short opportunity on the 618 fib which may take some time on the monthly chart.
My target for the short would be around the 786 fib due to previous price structure acting as support where as the 618 is a bit in no mans land.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
Bearish divergence on histogram and RSI
W%R showing that's its over bought
Price nearly reaching the target of 618 fib
This is where ill be taking my profits. Looking for a short opportunity on the 618 fib which may take some time on the monthly chart.
My target for the short would be around the 786 fib due to previous price structure acting as support where as the 618 is a bit in no mans land.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)