This is an view for the next 4 trading days; this idea takes into account the following aspects:
1. I am thinking that is possible a price/RSI divergence but minimum 90 pips.
2. If price will find support near of 76,4% Fibonacci retracement that has confluence with 1,2250 support area.
3. Finally, the idea needs that MACD decrease the negative pendent or happen the better scenario, cross of the signal.
4. Fundamental situation that impact obviously the performance of the Stocks in USA and the COVID19.
1. I am thinking that is possible a price/RSI divergence but minimum 90 pips.
2. If price will find support near of 76,4% Fibonacci retracement that has confluence with 1,2250 support area.
3. Finally, the idea needs that MACD decrease the negative pendent or happen the better scenario, cross of the signal.
4. Fundamental situation that impact obviously the performance of the Stocks in USA and the COVID19.
Trade closed manually:
Time to think the idea was OK and now the better way is stay out. (1,2395)