EUR/JPY - 2H Chart - Overbought condition in RSI.EUR/JPY, 2H Chart. RSI (9) + EMA (21,RSI)
RISK REWARD RATIO: 5.14
Overbought condition in RSI indicator.
Short entry @113.61
TakeProfit @111.50
Stop Loss @114.06
Condition
BEARISH GARTLEY PATTERN AT MARKET. POSSIBLE TCT Just entered a bearish gartley pattern on AUDCAD. Looking to take off initial half of my position at 38,2 % Retracement.
Stops at 0.9566.
Make sure it fits your personal rules!
Its A Roller Coaster; Beware of smart Money MoversIts Going down due to the following news from US(Watch Price Actions 6hrs From NOW)
1.Durable Goods Orders, released by the US Census Bureau
2.Initial Jobless Claims released by the US Department of Labor
3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends
4. Funds are going out base on Money Inflow Indicator(Smart Money OUtflow due to overbought of GBP)
5. Series of Bearish DOJI like candle stick in the last 6hrs depicts a rejection for an uptrend. Watched Support and Retracement Level
Happy Trading!
Bearish Gartley PatternJust another opportunity with 3 confirmations
1.overbought RSI (DEFAULT)
2.AB=CD 1.27 Extension
3.BCD leg = Butterfly pattern in h1
GERMAN DAX STRUCTURE SHORT: HIGH RISK TO REWARDThe DAX comes right back into the previous support zone which now should act as resistance. We got a 50% Retracement from the swing high and a 1.414 Fibonacci Inversion lining up perfectly at the outlined area. The RSI also shows that we are heavily overbought.
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