This is purely a trade idea based on technical analysis, however I wanted to share how well these levels have been respected , especially at the golden pocket so far. Im interested to see how the market reacts at this zone, and wether or not it will drop below.
Looking through the RSI we are approaching oversold territory on the daily time frame which gives me some reason to believe there may be a potential one last push up before a major correction.
Looking through the RSI we are approaching oversold territory on the daily time frame which gives me some reason to believe there may be a potential one last push up before a major correction.
Trade active:
Big bounce of the golden pocket