Target Hit!!

Good Morning Dynamic Traders,

Hope you all had a great weekend, and are ready for a week of making money!

In the 4 hour chart below you will see that price did reach the area I said on Friday. You will also notice that price has slowed up and has started to oscillate.

This oscillation could indicate that price has run out of steam, and with the convergence from the MACD should we be expecting price to reverse. With price oscillating around the support line and at a RN we now have 4 confluence of events support the theory that price is due to reverse soon.
Depending on what kind of trader you are is this enough evidence to trigger trade?

Remember all always carry out your own analysis.

Happy Trading

Richard Monnery