-Hourly trend is bullish, with the market not violating any of the trend lines
-Yesterday (11/3) we pulled up to the market upper trend line and did not break
-RSI with index upper 80 lower 20 was almost overbought (overbought on 70)
Friday showed a good opportunity to short, however it is not too late to make some pips on the short side trading the chart and trend. Do keep in mind that entering now can mean potentially bigger losses.
TP- 0.74762
SL- 0.75910
-Yesterday (11/3) we pulled up to the market upper trend line and did not break
-RSI with index upper 80 lower 20 was almost overbought (overbought on 70)
Friday showed a good opportunity to short, however it is not too late to make some pips on the short side trading the chart and trend. Do keep in mind that entering now can mean potentially bigger losses.
TP- 0.74762
SL- 0.75910
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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.
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.