Direction Neutral Color Green Number None
SSO Waiting For New Color To Confirm Direction Color Magenta Number 4
ETHBTC Possible Reversal Overbought Color Blue Number none
1) Huge upward move generated by ECB's Mario Draghi - the bulls will want to cash out profits now therefore this should push the price back down 2) RSI heavily overbought on multiple time frames
The pair seems right for a short after a three-day rally. The RSI indicates that it is approaching the overbought conditions. Any break above the resistance level on the hourly should favor a long position but this seems highly unlikely as momentum is lost.
Hey guys, this morning i want to share with you this setup i've noticed on this pair. Price has approached a resistance structure zone on Wednesday, and since then it's failed to create new highs and so it gave me reason to believe this is a good zone to short the market. In the daily chart we've recently exited an overbought condition and here on the 4hr chart...
Came into resistance. Bearish candle. RSI Overbought. There is also news dropping soon. I do not know how that will play out. What do you think?
EUR/JPY, 2H Chart. RSI (9) + EMA (21,RSI) RISK REWARD RATIO: 5.14 Overbought condition in RSI indicator. Short entry @113.61 TakeProfit @111.50 Stop Loss @114.06
Just entered a bearish gartley pattern on AUDCAD. Looking to take off initial half of my position at 38,2 % Retracement. Stops at 0.9566. Make sure it fits your personal rules!
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.
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...