Based on
1) pivot 2 hour
2) rapid rsi in overbought conditions
3) regular rsi dropped down thru 70
I see a down trend in to 1st target trend line 205.90
If this is broken 207.6 support at bottom of larger channel
I have a sell stop order at 206.9 ( 75 pips off bottom of pivot bar ) for the market to come to me.
I do not pick tops and bottoms but like to get the last 2/3 of the move.
Have a great weekend all
1) pivot 2 hour
2) rapid rsi in overbought conditions
3) regular rsi dropped down thru 70
I see a down trend in to 1st target trend line 205.90
If this is broken 207.6 support at bottom of larger channel
I have a sell stop order at 206.9 ( 75 pips off bottom of pivot bar ) for the market to come to me.
I do not pick tops and bottoms but like to get the last 2/3 of the move.
Have a great weekend all
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