2017-05-14
Price action is in a long term (D1) consolidation channel. Currently in an up trend heading towards the upper channel resistance at 1.16000.
Retracement has just completed at 38.2 which is a strong indicator of a trend continuation. Next target will be the future D at 1.13061. Recommend waiting for RSI to go over sold before entry.
Price action is in a long term (D1) consolidation channel. Currently in an up trend heading towards the upper channel resistance at 1.16000.
Retracement has just completed at 38.2 which is a strong indicator of a trend continuation. Next target will be the future D at 1.13061. Recommend waiting for RSI to go over sold before entry.