The market is very volatile today. Just interesting, here we can see a nice confluence of bearish signals.
After a strong rally the EUR is overbought and OIL possible bottoming, so this pair has a strong bearish potential.
We have:
- a bearish cypher already at play
- bollinger band duplication
- middle of channel duplication
Lets see what happens. This is for my journal, i will come back to this chart in the future.
According to the cypher rules the SL should be above the X point.
Regards.
After a strong rally the EUR is overbought and OIL possible bottoming, so this pair has a strong bearish potential.
We have:
- a bearish cypher already at play
- bollinger band duplication
- middle of channel duplication
Lets see what happens. This is for my journal, i will come back to this chart in the future.
According to the cypher rules the SL should be above the X point.
Regards.