H1 - RSI Bearish Div + Price ranging in a small box + Hedgefunds are heavily (2x more shorting than buying) on the SELL side as of 05/05/2020
Looking for a retracement down to 0.64540 (this level is both the W neck and very close to the 50% fib retracement) and then if price approaches slowly, I might consider a long, the setup will tell.
Keep in mind that the overall trend is UP
Trade what you see.
Have a great week,
Lima
Looking for a retracement down to 0.64540 (this level is both the W neck and very close to the 50% fib retracement) and then if price approaches slowly, I might consider a long, the setup will tell.
Keep in mind that the overall trend is UP
Trade what you see.
Have a great week,
Lima
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