We have reached a Pivot reisitance Cluster 102.2-102.75, the RSI is signing an overbought market in this TF and the BBs are stressed out. I exspect a shortterm consolidation down to the 38,2 @ 101.5 Trading above the mentioned resistance Cluster will turn the Chart bullish.
Main view: Shortchance below 105? If the pair would trade below 105, i see the possibility for a further downwave. First TP of the short is the former low @ 100 Other ideas or comments are welcome
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is it better to flip the Position?
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RSI overbought, but crossing the blue 2 initiates a bigger longsignal in this tf
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Rocketman
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just buy the dollar on dips
Boernerer
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I really like your way of analysis! Great stuff, even through i am trading a different way.
Think the 51% Fib is very probable, but then a new high will be of a very high chance.