faridwd

NZDJPY BEARISH ON TF H1

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
1. MARKET BIAS
RSI ON TF H1 SHOW RANGE BELOW 50. PREVIOUSLY MAKE BEARISH DIVERGENCE AT LEVEL RSI 60. FOR ME IT SHOW REVERSAL FROM BULLISH TO BEARISH DIRECTION. I AM USING RSI AS CONFIRMATION OF MARKET BIAS. WHAT TO EXPECT. BEARISH BIAS,

2. TREND
PRICE MAKE HIGH LOW, AND HIGHER HIGH BUT WITH STRENGTH REDUCING. PULLBACK SEEM MORE DEEPEN. INDICATE SLOW MOMENTUM TO DIRECTION UP. IT INDICATE BOTH TREND AND MOMENTUM NOT ON GOOD CONDITION. EXPEXTING TREND CHANGE TO DIRECTION DOWN.

3. SETUP
SELL ON PULLBACK DOWN DIRECTION. IM USING RSI TF 5 M SHOW CROSSING DOWN LEVEL 60

Comments

Excellent, thanks for sharing
Reply