RSI is trapped along 65ish indicating a possible market trend change. Sharp Trendline likely to break in next few hours. Resistance turned support at around 0.91340. Expecting the break in sharp Trendline to force price past sudo support and next bounce will occur along the longer term Trendline.
Trade setup is:
Short @ 0.91330
TP @ 0.91130 to cater for trendline support trades triggering.
SL @ 0.91600 - Because if you wrong EJECT :)
For those interested in the Blue Vertical lines, they are Fib Time Zones based on double bottoms at bottom left of screen. Next Time Zone very near to trade area, and I expect the market to turn bearish to test longer term trendline.
Trade setup is:
Short @ 0.91330
TP @ 0.91130 to cater for trendline support trades triggering.
SL @ 0.91600 - Because if you wrong EJECT :)
For those interested in the Blue Vertical lines, they are Fib Time Zones based on double bottoms at bottom left of screen. Next Time Zone very near to trade area, and I expect the market to turn bearish to test longer term trendline.