After the "Yellen" drop friday evening we hitted the 1207 support level and bounced back quite nicely. the divergences in the RSI and stochastic indicators are getting realy huge now so i guess its finaly time for a pullback before we go deeper.
Levels of pullback could be:
around 1237 = .382 Fibo
around 1246 = .5 Fibo
Fibo levels are based on the last decline in daily:
Trade:
Went long at 1208
S/L 1204
Target 1237 (may change to 1246 - lets wait for the monday sessions in asia and europe)
Levels of pullback could be:
around 1237 = .382 Fibo
around 1246 = .5 Fibo
Fibo levels are based on the last decline in daily:
Trade:
Went long at 1208
S/L 1204
Target 1237 (may change to 1246 - lets wait for the monday sessions in asia and europe)