Its Going down due to the following news from US(Watch Price Actions 6hrs From NOW) 1.Durable Goods Orders, released by the US Census Bureau 2.Initial Jobless Claims released by the US Department of Labor 3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends 4. Funds are going out base on Money Inflow Indicator(Smart...
Just another opportunity with 3 confirmations 1.overbought RSI (DEFAULT) 2.AB=CD 1.27 Extension 3.BCD leg = Butterfly pattern in h1
The DAX comes right back into the previous support zone which now should act as resistance. We got a 50% Retracement from the swing high and a 1.414 Fibonacci Inversion lining up perfectly at the outlined area. The RSI also shows that we are heavily overbought. Good luck! Give me a Like if you want to see more of this.
Price direction on a 1D chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction) Yesterday's close is below 5MA what gives a bit more power to bearish signals Currently none of the major chart patterns appears (1D Chart) Price is currently at 100% Fibonacci retracement area in a relation to Previous...
EUR/USD 15 Mins chart short trade setup overbought condition + some technical analysis no news after this sunday as EUR/USD rockets to daily highs amid Greece deal hopes as a result currently most of the investors are buying the latest rumors about a possible Greece deal as soon as this weekend. After rising over 100 pips from today's lows at 1.0951, the EUR/USD...