ENTRY SHORT ON FALSE BREAKOUT AND RSI DIVERGENCE
Hi Guys
Nice Short on false breakout where all the sellers were underwater and forced to buy back their long positions (=false breakout).
The false breakout and the pullback showed that the market doesnt want to go long. Also RSI seems to be overbought.
I would like to get into the train and find a short entry all the way to the next structure around 0.7420.
I will still be cautious as if the market is holding the major resistance and using it as new support then I will close my trade.
Nice Short on false breakout where all the sellers were underwater and forced to buy back their long positions (=false breakout).
The false breakout and the pullback showed that the market doesnt want to go long. Also RSI seems to be overbought.
I would like to get into the train and find a short entry all the way to the next structure around 0.7420.
I will still be cautious as if the market is holding the major resistance and using it as new support then I will close my trade.
Trade closed manually:
Securing profit before news release (+125 pips)
