Possible trend reversal for EURUSD
Hello world,
Theory:
possible trend reversal at res. level
We have:
- overbought RSI
- long term trend: SHORT
- Wykoff expansion phase / possible beginning of trend phase
- price action at res. level
- decreasing candle size indicating momentum loss
What I am waiting for:
- break of the short term trend line (red)
Happy to take feedback.
All the best,
c4ss10p314
Theory:
possible trend reversal at res. level
We have:
- overbought RSI
- long term trend: SHORT
- Wykoff expansion phase / possible beginning of trend phase
- price action at res. level
- decreasing candle size indicating momentum loss
What I am waiting for:
- break of the short term trend line (red)
Happy to take feedback.
All the best,
c4ss10p314
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