Price bounced from low Bollinger Band with Stochastic and RSI showing an overbought.
Next destination should be to top Bollinger Band on this H4 time frame since Bollinger Bands are constricting which means there will be a high volatility coming soon.
I am quite certain a break on the top Bollinger Band means we could lock our profit or take our first profit target at 1.3048. Otherwise our second profit target will be at 1.3150.
If all goes to plan, 1.3350 at Fibonacci Retracement level 2.168 will our ultimate target.
Just my two cents. Happy pipping :)
Next destination should be to top Bollinger Band on this H4 time frame since Bollinger Bands are constricting which means there will be a high volatility coming soon.
I am quite certain a break on the top Bollinger Band means we could lock our profit or take our first profit target at 1.3048. Otherwise our second profit target will be at 1.3150.
If all goes to plan, 1.3350 at Fibonacci Retracement level 2.168 will our ultimate target.
Just my two cents. Happy pipping :)