Price is testing major support at 0.6949 (Fibonacci retracement, horizontal overlap support, bullish divergence) and we remain bullish above this level for a push up towards 0.7092 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above 6.69% and also displays bullish divergence vs price signalling that a bounce is impending.
Buy above 0.6949. Stop loss at 0.6884. Take profit at 0.7092.
Comentários
Rossouw
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hi AB would u enter blindly now at this level? or wait for some price action, i see some also mention this is leg D level of an advanced pattern. waiting to go long.. tx Shane