Open Order: buy-stop 0.285
Open Position: none
Yesterday I noticed a bearish divergence in both Fisher and RSI (purple). There was some chance for a push up so I put in a buy stop order at 0.285 as a breach of the short-term resistance trend-line (green) could have seen a push to 0.31 or higher.
There is medium-term support between 0.245 and 0.255. A breach below there should see 0.23 which is my initial buy target. If this is the start of an impulse wave, we could easily see that target as it is just over the 1.0 fib of the last impulse wave (fib plotted).
Open Position: none
Yesterday I noticed a bearish divergence in both Fisher and RSI (purple). There was some chance for a push up so I put in a buy stop order at 0.285 as a breach of the short-term resistance trend-line (green) could have seen a push to 0.31 or higher.
There is medium-term support between 0.245 and 0.255. A breach below there should see 0.23 which is my initial buy target. If this is the start of an impulse wave, we could easily see that target as it is just over the 1.0 fib of the last impulse wave (fib plotted).
