EUR/USD showing exhaustion, possible big reversal.
Hello traders,
After the long uptrend, the EUR/USD pair is showing signs of exhaustion. First, it seems to be failing to make a new higher high, as seen on the latest candle. The RSI is starting to show a divergence (RSI is not making a new higher high on the latest candles).
I will be waiting until the 4H candle breaks the 20 moving average from the Bollinger bands with a clear bearish momentum candle in order to enter (at least this is my strategy as I need clear signals). I do not try to enter on the highest possible point, as I am not a very risky trader. I prefer waiting for clear confirmations and sacrifice some pips in order to avoid big losses.
What is your idea on this? Leave a comment below :)
Ray
After the long uptrend, the EUR/USD pair is showing signs of exhaustion. First, it seems to be failing to make a new higher high, as seen on the latest candle. The RSI is starting to show a divergence (RSI is not making a new higher high on the latest candles).
I will be waiting until the 4H candle breaks the 20 moving average from the Bollinger bands with a clear bearish momentum candle in order to enter (at least this is my strategy as I need clear signals). I do not try to enter on the highest possible point, as I am not a very risky trader. I prefer waiting for clear confirmations and sacrifice some pips in order to avoid big losses.
What is your idea on this? Leave a comment below :)
Ray
הערה
Candles are almost approaching the 20 SMA. Once it breaks out and it closes below the candle, I will open the trade and go short.הערה
Bearish 4H candle is also almost breaking the neckline of the Head-and-Shoulders pattern. This seems promising so far ...
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.