It's me and the banks again... FSR has been extremely strong and has stayed in overbought territory for an over extended period now. Momentum is waning and I think a decent dip is on the cards. Something has to give...We are starting to see price congestion with little to no impetus at these levels. I'm willing to wager that she bumps her head here at the 50 day moving average and I will not be surprised at all to see a drop back down to 60.50...
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I have taken early Profit ahead of the weekend....This trade took a while, but we got there in the end.