Possible Correction
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RSI: Overbought => Correction
ADX: Trend is getting stronger => good for Buyers
CCI: No Divergence
Chart:
- EUR/USD reaching diagonal resistances from his trendlines. In normal cases they are pretty strong. And after such big movement in the days/weeks it will be even stronger so the market can correct! => Short
- The Zone where the Fibonacci Retr. is at 50% + Old Trendline Support + New Trendline Support
This Zone is a perfect place to rebuy when the market goes into a Correction. There it should find extremly good support.
On the other hand, because of this importance of this level, it is also possible to have big moves and even little gaps downside.
Happy Trading Bro's <3
Don't forget to join in Facebook, subscribe me here and my Youtube Channel!
don't forget to subscribe me here and join our facebook group: facebook.com/groups/in.trading
RSI: Overbought => Correction
ADX: Trend is getting stronger => good for Buyers
CCI: No Divergence
Chart:
- EUR/USD reaching diagonal resistances from his trendlines. In normal cases they are pretty strong. And after such big movement in the days/weeks it will be even stronger so the market can correct! => Short
- The Zone where the Fibonacci Retr. is at 50% + Old Trendline Support + New Trendline Support
This Zone is a perfect place to rebuy when the market goes into a Correction. There it should find extremly good support.
On the other hand, because of this importance of this level, it is also possible to have big moves and even little gaps downside.
Happy Trading Bro's <3
Don't forget to join in Facebook, subscribe me here and my Youtube Channel!
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