1. Potential Gartley Pattern to be completed
2. RSI is overbought on Daily chart. (It is nearly oversold on the 240. As such another move up to finally complete the Gartley formation at 0.786 is possible)
3. Divergence on RSI (Daily)
I will be looking at the price action at the 104.6 area. If it breaks the upward trendline, we could be in for some fall.
If the upward trendline holds, another move up to the 0.786 area is possible, before a possible sell.
Your comments and clicking the like button is appreciated... :D
Trade with care.
2. RSI is overbought on Daily chart. (It is nearly oversold on the 240. As such another move up to finally complete the Gartley formation at 0.786 is possible)
3. Divergence on RSI (Daily)
I will be looking at the price action at the 104.6 area. If it breaks the upward trendline, we could be in for some fall.
If the upward trendline holds, another move up to the 0.786 area is possible, before a possible sell.
Your comments and clicking the like button is appreciated... :D
Trade with care.
Note
+110pips. Take some profits and Manage trade with care....
Trade closed: target reached
Thanks to US Elections :)
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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.