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Overbought

SHORT - RSI pointing to correction at 1.266 resistance - GBP/USDSimple as it looks. 1-hour chart on GBP/USD showing RSI at the 70 level level, suggesting it is now overbought for the current time period. This is especially true as the pair retests the 1.265 - 1.266 resistance level, hence making it harder for there to be a strong breach above the 1.266 level. Thus there being a likelihood of the pair heading back down to 1.255. However, I do not think it will easily reach 1.25000 or even anywhere below that based on the most recent developments - the Oxford vaccine is big news, and with the macroenvironment really improving over the Covid pandemic, safe-haven demand for assets like the USD will drop. So, PAY ATTENTION to USD weakness/strength as that will dictate the next possible moves. Note: This is not professional advice. Please trade at your own responsbility - I will not be held accountable for any losses.
Short
by michaeldobfx
1
Shoulder Head Shoulder inverted in formation!!!Hello guys, in this technical analysis EUR/GBP is have a possibility a Shoulder Head Shoulder inverted in H4 timeframe. In Daily we continue so bullish for mid-term and long-term in EUR/GBP in H4 we are with 2 indicators that are overbought and that mean a possible drop of the price, so both indicators RSI and MACD are overbought, specially MACD show a possible sell signal in EUR/GBP. Also, in H1 we have the same situatin and we mark 2 candlestick, we have a bear Doji and the formation in H4 a good entry in short in the candlestick if you entry in H1 timeframe. Also, in H1 timeframe in the higher lower we will having a candlestick a bearish hammer and that mean that price is weak!!! So, more later I will going to add in the discussion the fundamentals to take in noticed in this par EUR/GBP.
Short
by harisonhbn9718
2
MFA in Uptrend: Stochastic indicator climbs into overbought zoneTickeron A.I.dvisor analyzed 232 other stocks in the Real Estate Investment Trusts Industry over the last three months, and discovered that 209 of them (90%) exhibited an Uptrend while 23 of them (10%) exhibited a Downtrend. Be on the watch for MFA's price dropping or consolidating in the future -- when this happens, think about selling the ticker or exploring put options. Current price $2.61 crossed the resistance line at $2.61 and is trading between $2.61 resistance and $2.53 resistance lines. Throughout the month of 06/14/20 - 07/15/20, the price experienced a -9% Downtrend, while the week of 07/08/20 - 07/15/20 shows a +12% Uptrend.
NYSE:MFAShort
by AlTorress
GBPUSD 1.26521 + 0.34% LONG IDEAGood Day Everyone Here's a long idea on the GBPUSD pair, overbought on many signals looking for a bit of retracement ( HL ) before continuation to ( HH ).. If you took this one target 1 was a success you can trail stop or adjust your sl to previous swing low and hold risk free on the pair lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
2
Overbought to Oversold - Keep It Simple, Stupid!After exploring the depths of profit taker heaven and stop loss hell, after combining many different indicators, finding correlations with momentum, trend, volatility, you name it... After trying to adjust the strategies to different assets, asset classes, market conditions... After finding out that each of these steps are way more difficult than I thought and will require much more rigor and a start from scratch... I remembered the golden rule of strategy... "Keep it simple, stupid!" When others are buying like rabid dogs, you sell... When others are selling like mad monkeys, you buy... When others are greedy, you are fearful... When others are fearful, you are greedy... So, we trade from overbought to oversold. No profit takers, no stop losses, no optimization for a specific stock or time frame or asset class, no correlation with other indicators... Just overbought to oversold. Win rate of 90+%, profit factor of over 5.0, compared to holding the stock indefinitely with a loss of 80%. Happy trading!
AEducation
by ralphschraven
4
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below) Points to consider: - S/R flip retest - Support confluence - 21 EMA visual guide - Oscillators over-extended - RSI bearish divergence - Declining Volume BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis. Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market. Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide. Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market. An increase in volume will be key as price tests support levels to avoid any false breaks. Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade. What are your thoughts? Let me know in the comments below! And if you’ve read this far - thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by Kudiiee
INO BACK TO $16-18yo yo alright so it broke out the past two days because they received funding for COVID testing. So the rally happened and if you got in that's awesome. The RSI indicates that it is overbought. My expectation is that it sells tomorrow (June 25) and goes back down to around 16-18. If it hits 15$ and bounces back up then that's a good indication that it should come back up! Don't buy yet. it is at the top. second support is 11$ anything can happen so just keep an eye on it ! good luck trade smart. :)
NASDAQ:INO
by tunripboyo
9
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
30min timeframe RSI bot works!:)I decided to put my money where my mouth was, and trade based off the RSI. I made a BOT that would trade LTC off 30 and 70 Low and high RSI. It would buy at 30 rsi on the 30min and sell off the 70. It worked...but it could have done better. It would buy then the price would drop lower and then come up or sell and the price would go up and then come down. It had a very sensitive trigger in other words. But it saved itself a few times and sold right before a drop and didn't see any massive losses. I think, the worse it saw was -.61% and after a month it is at 6.8% gains. All use stop loses and this is not ADVICE This chart are my sales. I made fewer sales to catch a higher or lower price. It's a solid process and I think using leverage I might be able to capitalize on it.
COINBASE:LTCUSDLong
by UnknownUnicorn5174798
1