AUDUSD - Upcoming 'Short'
Technical - Mentor: Hoseini Finance (Iran)
EMA 55 is showing an uptrend direction and confirms RSI will reach 70% zone and maybe above.
RSI is indicating a change in the direction of the trend in the coming days.*
The chart pattern is a triangle and once the candlesticks reach/cross the upper side of the triangle and we have an overbought signal from RSI, we place a 'Sell' order.
* I will monitor the chart, possibly the bounce back would happen on Monday, the Australian session?
PS: This is my own strategy and backtesting as we go. Note taking market news into consideration.
EMA 55 is showing an uptrend direction and confirms RSI will reach 70% zone and maybe above.
RSI is indicating a change in the direction of the trend in the coming days.*
The chart pattern is a triangle and once the candlesticks reach/cross the upper side of the triangle and we have an overbought signal from RSI, we place a 'Sell' order.
* I will monitor the chart, possibly the bounce back would happen on Monday, the Australian session?
PS: This is my own strategy and backtesting as we go. Note taking market news into consideration.
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