EURUSD - WAIT FOR CONFIRMATION | RSI DIVERGENCE / MOVING AVERAGE
EUR/USD Severely over extended and awaiting a substantial correction
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.
Waiting for confirmation via:
[I]Daily RSI @ Extreme RSI Levels ~ 80
VERDICT: EUR/USD due a correction soon with confirmation via the above. Executing a short position now is very risky and may result in liquidation.
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.
Waiting for confirmation via:
- RSI Divergence
- Moving Average Break
- Wick Rejection
[I]Daily RSI @ Extreme RSI Levels ~ 80
VERDICT: EUR/USD due a correction soon with confirmation via the above. Executing a short position now is very risky and may result in liquidation.
Note
Still Waiting For Divergence From A New HighTrade active
• RSI Divergence observed. Short position opened. • This will be a swing trade meaning I will hold this open for 1-4 weeks until momentum switches
• Stop will be trailed as price action progresses.
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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.