jimmybooth

jimmybooth

Bearish divergence shown between price and the money flow index indicator shown with price hitting resistance look to go short and target 1/3 risk to reward

jimmybooth

Price at resistance on EUR/USD, MY RSI is only on 2 instead of 14 for showing its currently overbought, good risk to reward, with stop loss set just above previous high, continuation of a bearish trend looking likely.

jimmybooth

Price currently in demand zone, and Risk/Reward looks decent. Could potentially be a head and shoulders on the daily which would indicate a trend reversal but looking at the high I'm going to say price will bounce off of support and continue back to the supply zone!!!!!

jimmybooth

after price took a nice bounce off of resistance on the daily chart look for price to continue in a bearish short term trend to target TP @ 109.487 with a stop @ 111.634 Risk/reward at 2.32

jimmybooth Updated 

Risk reward ratio looks good on this, using the open of last bullish candle and highest price on previous peak on the daily as the short zone.