EMA50 WITH RSI 21 STRONGLY EFFICIENT FOR GOOD LONGTERM ENTRIES 2
The current movement clearly shows a decrease in the flow buyer being played by a very pronounced on the RSI and stochastics divergence. Repeated the EMA50 a short period of time test shows that the bears are more each arrivals to the roof.
A clear break out of 50 RSI, a sales strategy will be favored under EMA30etEMA50 + strong resistance with a stoploss 1/3 of the distance that separates us from above (102.73), having in mind that we are against the trend!
The perfect trade would be to perform when the test will be effective 88/90 with a pull back into the neutral zone RSI W1 D1 in purchase of course (entry also corresponds with 50% fibo D1!)
A clear break out of 50 RSI, a sales strategy will be favored under EMA30etEMA50 + strong resistance with a stoploss 1/3 of the distance that separates us from above (102.73), having in mind that we are against the trend!
The perfect trade would be to perform when the test will be effective 88/90 with a pull back into the neutral zone RSI W1 D1 in purchase of course (entry also corresponds with 50% fibo D1!)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.