We look to continue to buy above major support at 88.92 (Fibonacci retracement, horizontal overlap support) for a further push up to 89.79 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is bouncing up nicely from our 5% support and still has some upside potential to go which coincides with the wise we expect at the price.
Buy above 88.92. Stop loss is at 88.40. Take profit is at 89.79.
No comments:
Post a Comment