A trade that I entered at 24 Oct. Expecting it to be more bearish until support zone. (Bearish Gartley pattern plus Stoch RSI overbought)
Waiting price to retrace back to resistance then sell with overbought condition. Price is expected to be retraced up within 3 days period.
Downtrend; Resistance zone; Overbought; Bearish Gartley Pattern Will Bearish Gartley pattern winning the game again? let's check it out!!! Like if you are having the same trading bias.
Bearish Gartley pattern; Resistance Zone; Overbought Stochastic RSI.
1. Price is ranging at the high of 2015 and with bearish flag pattern breakout in higher time-frame (MN) 2. Strong Support to resistance zone. Price may retrace up then moving downward. Waiting confirmation from Stochastic RSI for better entry.
Pound is consolidating at overbought condition; Since it is a downtrend condition, expecting it to be more bearish to previous support zone.
Price is at resistance zone, expecting more bearish pressure to push it back to support zone. #Downtrend;Overbought;Resistance Zone
Downtrend channel with overbought condition; Expecting apparent bearish pressure after few days.
Downtrend and overbought condition in RSI indicator. Expecting more bearish on the pair.
Trade with the trend, expecting more bearish pressure on the pair.
Expecting a short term bearish pressure to support line.
Downtrend channel; below EMA; overbought as shown in stochastic indicator. Expecting more bearish pressure on the trade.
The price doesn't seems to go further down as it is at strong support zone. The price may retrace back to resistance zone. Take your own risk and always use proper risk management in all trades.