Hello,
With the news of the consumer confidence coming out this morning. there is a possible Cypher set up.
The Ratios are good and we still have to respect the down trend that the market is still in on the 1H.
The Red dotted line is the Daily Chart low, and above is the high.
RSI is up in the over sold area. Look for Divergence of RSI.
Be careful of possible whip-saw. Look to enter after news is released and the dust settles.
Good luck.
With the news of the consumer confidence coming out this morning. there is a possible Cypher set up.
The Ratios are good and we still have to respect the down trend that the market is still in on the 1H.
The Red dotted line is the Daily Chart low, and above is the high.
RSI is up in the over sold area. Look for Divergence of RSI.
Be careful of possible whip-saw. Look to enter after news is released and the dust settles.
Good luck.