LOOKING TO SELL THIS @ 2.2160. - 161.8% OF W1. -OVERBOUGHT WITH RSI DIVERGENCE
STOPS AND TARGETS AS INDICATED.
W1 OVERBOUGHT
H1
Comments
ElPatron.Y
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That spike was to take SL out of people... Now it might plunge horizontal resistance here.
PriceActionTrading
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Well. the pair is strong too fundamentally. Probably not trading this pair for some time.
moneymaking
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Did the stop loss already got hit ?
PriceActionTrading
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Yes. almost all within an hour. Not a good trade.
moneymaking
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These buyers are looking pretty strong But they will be tested by the weekly resistance coming ahead of them. Looking for good shorting opportunity with strong conformation :)
PriceActionTrading
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I think i will stay out of this pair for a while now. Fundamentally is signaling that it will continue rising. But lets see, next week.
EZ4
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I find GBP in recent days is very strong. Interesting....
EZ4
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My GBPJPY pair is also stopped out.
PriceActionTrading
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Yes EZ. correct. Overbought with RSI divergence for far too long.
moneymaking
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Likely to get a retracement after that 500 pips move in one candle :)