On the 1 hour I see RSI divergence and almost overbought on 28 period. RSI definitely overbought on 14 period, along with Williams %, and MFI. (edited)
I am already short... The shoulders of the pattern aligned with an old weekly pivot look like an acceptable region to enter short again, but if price seems to ignore this area, I think 19.000 is either a good stop loss or short term short entry.
TP 1 at 18.06470, and TP2 at 17.6970
I am fundamentally challenged, so I don't have much to offer on that note.
I am already short... The shoulders of the pattern aligned with an old weekly pivot look like an acceptable region to enter short again, but if price seems to ignore this area, I think 19.000 is either a good stop loss or short term short entry.
TP 1 at 18.06470, and TP2 at 17.6970
I am fundamentally challenged, so I don't have much to offer on that note.
Trade closed manually:
I exited with profit. I realized that we have oil and FOMC news coming out this week, and don't feel comfortable frontloading anything involving the USD. I will take small, calculated trades on this pair throughout the next few days, and hopefully get in the right direction for the big move. (If there is a big move).