A short Trade using EMA 34, EMA 55 and RSI Short

BRITISH POUND / MOLDOVAN LEUICE

Description

⋅ Aug 20, 2018 1:07 PM

EMA 34 is clearly below the EMA 55 line showing that there is a clear greater downtrend.

RSI is about to go overbought edging towards the 66.6 mark.

Anticipating the market dropping to rebalance and recover from being overbought.