EUR/GBP - BEARISH RSI DIVERGENCE | STOCHASTIC & 61.8 FIBONACCI
- EUR/GBP has pushed upwards and retraced considerably after being sold off for the past few months.
- A strong sell signal has formed via the RSI divergence. RSI has been printing lower highs with price printing marginally higher highs, thus showing waning strength.
- Stochastic is strongly overbought and crossing over as further confirmation.
- Macro 0.618 fibonacci resistance has been touched and failed to be breached on a second attempt now which forms further confluence.
- All of the above yields a considerably strong reason to open short position with a target of the strong volume level of 0.903.
- Stop will be placed in and around the region of the 0.92 level.
Nota
Stopped out of trade but re-opened short position.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.