EURUSD - WAIT FOR CONFIRMATION | RSI DIVERGENCE / MOVING AVERAGE

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EUR/USD Severely over extended and awaiting a substantial correction
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.


Waiting for confirmation via:

• RSI Divergence
  
• Moving Average Break
  
• Wick Rejection
  

[I]Daily RSI @ Extreme RSI Levels ~ 80


VERDICT: EUR/USD due a correction soon with confirmation via the above. Executing a short position now is very risky and may result in liquidation.

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ملاحظة

Still Waiting For Divergence From A New High

١١ يونيو ٢٠٢٠

تم فتح الصفقة

• RSI Divergence observed. Short position opened.
• This will be a swing trade meaning I will hold this open for 1-4 weeks until momentum switches
• Stop will be trailed as price action progresses.