Morning!
I think the market is looking ready to make a move back up but we may see a swing lower before so.
As I have marked on the chart I'm expecting a doji SFP on tomorrows close which would be a great buying opportunity if you're not already in a VRA position.
Depending where todays candle closes there is the potential to lock in daily bullish divergence on the RSI. We could swing as low as 0.049 which would be a 0.618 Fib retrace which lines up nicely with a tag of the previous high.
Good luck, happy trading.
I think the market is looking ready to make a move back up but we may see a swing lower before so.
As I have marked on the chart I'm expecting a doji SFP on tomorrows close which would be a great buying opportunity if you're not already in a VRA position.
Depending where todays candle closes there is the potential to lock in daily bullish divergence on the RSI. We could swing as low as 0.049 which would be a 0.618 Fib retrace which lines up nicely with a tag of the previous high.
Good luck, happy trading.
