ABCD100 is gonna be completed soon. D is at 1.0865.
Butterfly xabcd161.8 has already been completed, the crimson line (value 1.08901) is 161.8% of xa.
RSI's value is now 34.5 and will become 30 (oversold) by the time ABCD100 will be completed.
Month's ending today, so retail sell positions will be closed to book profit by many traders and fund managers.
Therefore, we will be looking for any bullish candle pattern on H1.
Entered buy at 1.0915 (50% retracement of upward movement since release of ISM Manufacturing PMI).