Euro / U.S. Dollar

Short

EURUSD:1h:2618 trade

Updated

A double bottom has been made

Former top has been broken.

RSI (7) is now overbought.

Anretracement is to be expected.

Hereby plausible T1 -2-3.

Note

Look how nice the RSI gets saturate in the overbought condition.

Additionally , we can see a bearish divergence being build up....

Let's wait & see now for the coming hours ;)

Note

snapshot

And now, after this nice little cypher pattern we ought to drop ;)

Note

Stop-loss hit

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