Get started
lewis_irving

A short Trade using EMA 34, EMA 55 and RSI

Short
BRITISH POUND / MOLDOVAN LEU (FX_IDC:GBPMDL)  
lewis_irving  
FX_IDC:GBPMDL   BRITISH POUND / MOLDOVAN LEU
Trend Analysis Technical Indicators rsi_overbought
0
0
trendanalysis indicator rsi_overbought
EMA 34 is clearly below the EMA 55 line showing that there is a clear greater downtrend.

RSI is about to go overbought edging towards the 66.6 mark.

Anticipating the market dropping to rebalance and recover from being overbought.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.