EURUSD - WAIT FOR CONFIRMATION | RSI DIVERGENCE / MOVING AVERAGE

7 Haz 2020

EUR/USD Severely over extended and awaiting a substantial correction
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.


Waiting for confirmation via:

• RSI Divergence
  
• Moving Average Break
  
• Wick Rejection
  

[I]Daily RSI @ Extreme RSI Levels ~ 80


VERDICT: EUR/USD due a correction soon with confirmation via the above. Executing a short position now is very risky and may result in liquidation.

9 Haz 2020

Not

Still Waiting For Divergence From A New High

11 Haz 2020

İşlem aktif

• RSI Divergence observed. Short position opened.
• This will be a swing trade meaning I will hold this open for 1-4 weeks until momentum switches
• Stop will be trailed as price action progresses.