We can already see that the pair has already completed 2 distribution phases and we are now anticipating the 3rd and final phase. After a strong move up we can expect some consolidation where bulls will be seeking to lock in some profits driving the price somewhat lower (RSI oversold on 4H + 1H + 15M) during the Asian session. We can then expect smart money's techniques to come into play as always where they will attempt to stop out any sellers selling at a potential break downwards of the previous broken structure, before buying back up and reach a potential 100-115 pip target.
My 20 cents, I'm not a prophet just trying to look beyond just technical analysis. After all it's the smart money, the big institutions, that move and manipulate the markets in whichever way they want.
My 20 cents, I'm not a prophet just trying to look beyond just technical analysis. After all it's the smart money, the big institutions, that move and manipulate the markets in whichever way they want.
評論:
typo...should say *Overbought NOT Oversold
交易結束:目標達成