Price is close to the top of the ED channel drawn based on daily chart.
A bearish butterfly has been spotted around that area as well, a potential short.
RSI is also at overbought now, waiting for retracement to enter the next hour.
A bearish butterfly has been spotted around that area as well, a potential short.
RSI is also at overbought now, waiting for retracement to enter the next hour.
Trade closed: target reached
Shorted slightly late @ 104.58, TP1 hit @ 35 pips.
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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.