We likely will trade lower in the medium-term. Short-term we are supported at 93.93 and we have resistance at 98.50 above.
The MACD is starting to go negative (lagging) and therefore SELL strategy is the way to go. One would either SELL near resistance 98.50 (perhaps 97.75 when seen) or SELL current 95.00-96.00 and place stop-loss @ 99.00. Take profit 84.75.
The MACD is starting to go negative (lagging) and therefore SELL strategy is the way to go. One would either SELL near resistance 98.50 (perhaps 97.75 when seen) or SELL current 95.00-96.00 and place stop-loss @ 99.00. Take profit 84.75.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.