nice profits . this was definitely a wait out setup . Which means you have to wait for the price to be more overbought or more oversold so you don't get what I like to call a market squeeze out .
RSI levels hitting a good small retracement level ..possible trade setup ..have to wait for the pair to be more overbought.
rsi levels simple Strat ..patient for the market can be more oversold..H1-D1 has the setups on the charts .
overbought retracement is possibly in the works ..wait for confirmation ..watch your drawdowns
another possible market snipe in action for the new week ..march 13th we watch this setup for a sell.. RSI is high ,momentum is high , volume is lower , Bollinger bands are stretched out ..wait for confirmation ..grab profits and get out ..once market has corrected.plus price is touching a nice resistance level. if it holds ..the pair will be going down for a correction.
next week on march 13th we set up watch on this market snipe ..bright and early before the new York session opens ..we watch. We wait ..rsi is high , momentum is down ,Bollinger bands are stretched out ..
small profits or could be big profits , depends on your lot size .. free trade ...RSI over bought , momentum crossed the top ,all signs for small drop of retracement .. take profit - 1.6626 your welcome
small profit ,over sold rsi wait for confirmation on small retracement upward ..watch out for head choppers .wait for confirmation .oversold market can be more oversold .