eu is heavily oversold and just hit a horizontal resistance i was targeting for potential outbreaks to the downside since early december
Indicators show a turn would be likely, slow stoch is extremely overstretched
It is possible though that we continue to deeper lying areas of horizontal resistance, keep that in mind. Deeper lying horizontal resistance areas could be considered as placements for a wide sl.
This is my 2nd try to long the eu already, first one got stopped out, i stepped in way too early, this could be again the case, so be careful if you follow me
Indicators show a turn would be likely, slow stoch is extremely overstretched
It is possible though that we continue to deeper lying areas of horizontal resistance, keep that in mind. Deeper lying horizontal resistance areas could be considered as placements for a wide sl.
This is my 2nd try to long the eu already, first one got stopped out, i stepped in way too early, this could be again the case, so be careful if you follow me
