TA Tech trader (this is not my pos. I posted mine earlier)
LONG 1.3050 Target 1.3220 SL 1.2970
Scope remains to the 50% fibo of the Feb/Apr slide. Need to break plethora of resistance from 1.3138-50. This includes yday's top, MAs and the 21 DMA upper Bollinger. Day studies are overbought but no decent sign of a turnaround just yet. Looking for a move back above the broken 38.2% fibo. Bought the dip with stops below the 10 DMA.
LONG 1.3050 Target 1.3220 SL 1.2970
Scope remains to the 50% fibo of the Feb/Apr slide. Need to break plethora of resistance from 1.3138-50. This includes yday's top, MAs and the 21 DMA upper Bollinger. Day studies are overbought but no decent sign of a turnaround just yet. Looking for a move back above the broken 38.2% fibo. Bought the dip with stops below the 10 DMA.
Trade smaller than rational because the market is irrational...