Price has dropped perfectly off our selling area as expected yesterday. We continue to sell on resistance at 103.90 (Fibonacci retracement, Fibonacci projection) for a further drop to 102.86.
RSI (21) has made a bearish exit triggering a bearish move from here.
Stochastics (34,5,3) is approaching pullback resistance.
Sell below 103.90. Stop loss at 104.55. Take profit at 102.86.
From www.instaforex.com http://ift.tt/2en09OE
No comments:
Post a Comment