We have strong rejection at .73700 for the last 12 hours. Strong indication for a pivot.
RSI- When RSI touches overbought zone it will then look to drop and won’t reverse back into trend until RSI touches oversold zone. It can take a while for RSI to reach and touch overbought zone. Using this strategy helps keep traders patient as they know RSI will eventually touch oversold zone for profit.
MACD-MACD crossed down on signal for the second time above 0 line. MACD/Signal pull back cross is unlikely. Until we cross the MACD 0 line we will see slow movement.
RSI- When RSI touches overbought zone it will then look to drop and won’t reverse back into trend until RSI touches oversold zone. It can take a while for RSI to reach and touch overbought zone. Using this strategy helps keep traders patient as they know RSI will eventually touch oversold zone for profit.
MACD-MACD crossed down on signal for the second time above 0 line. MACD/Signal pull back cross is unlikely. Until we cross the MACD 0 line we will see slow movement.
