As I expected we have a tiny gap up which brought RSI out of crossing oversold zone. My sentiment is some consolidation before a break. Consolidation would bring RSI out of oversold a bit more to drop back in with a break in downward momentum.
I am looking for the break to happen below .90700 to look for any entry point. Stop loss is above .91200. A break and close above will sentiment towards upward momentum to retest .91400.
Please comment with thoughts and ideas. Thank you.
I am looking for the break to happen below .90700 to look for any entry point. Stop loss is above .91200. A break and close above will sentiment towards upward momentum to retest .91400.
Please comment with thoughts and ideas. Thank you.