AUDUSD - Upcoming 'Short'
Technical - Mentor: Hoseini Finance (Iran)
EMA 55 is showing an uptrend direction and confirms RSI will reach 70% zone and maybe above.
RSI is indicating a change in the direction of the trend in the coming days.*
The chart pattern is a triangle and once the candlesticks reach/cross the upper side of the triangle and we have an overbought signal from RSI, we place a 'Sell' order.
* I will monitor the chart, possibly the bounce back would happen on Monday, the Australian session?
PS: This is my own strategy and backtesting as we go. Note taking market news into consideration.
EMA 55 is showing an uptrend direction and confirms RSI will reach 70% zone and maybe above.
RSI is indicating a change in the direction of the trend in the coming days.*
The chart pattern is a triangle and once the candlesticks reach/cross the upper side of the triangle and we have an overbought signal from RSI, we place a 'Sell' order.
* I will monitor the chart, possibly the bounce back would happen on Monday, the Australian session?
PS: This is my own strategy and backtesting as we go. Note taking market news into consideration.
Note
Please follow the same idea for update that was published in response to this post:
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.