Hello traders!
What a week we had last week with the weakening of USD amidst Trump's tariffs news. We saw hours of downslide. Short sellers dream play.
Price has now touched the 1hr upper bollinger band. RSI sitting at 54 and moving upward.
I anticipate price bouncing down and touching the lower band before anything else happening. Will price range all the way to 10th April?
When trading a ranging market, ensure stop loss is placed slightly above the upper band and take profit just above the lower band. In this case, a decent 2.75 RRR can be achieved if my prediction validates.
GL to all. DYOR.
What a week we had last week with the weakening of USD amidst Trump's tariffs news. We saw hours of downslide. Short sellers dream play.
Price has now touched the 1hr upper bollinger band. RSI sitting at 54 and moving upward.
I anticipate price bouncing down and touching the lower band before anything else happening. Will price range all the way to 10th April?
When trading a ranging market, ensure stop loss is placed slightly above the upper band and take profit just above the lower band. In this case, a decent 2.75 RRR can be achieved if my prediction validates.
GL to all. DYOR.
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