The divergence between price and STO-RSI indicator alerts a reversal is imminent, as the price is now is in the overbought area.
It is advisable to monitor any Japanese reversal candlestick pattern at below supports, coupled with oversold STO-RSI indicator, to make an entry:
• 0.445 (38.2% FR)
• 0.410 (50% FR)
• 0.375 (61.8% FR)
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
It is advisable to monitor any Japanese reversal candlestick pattern at below supports, coupled with oversold STO-RSI indicator, to make an entry:
• 0.445 (38.2% FR)
• 0.410 (50% FR)
• 0.375 (61.8% FR)
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.