USD/CAD SHORT?PROS
- Rejection of key resistance
- Rejection of downward sloping trend line
- Rejection of 50 ema
- Stoch RSI signalling overbought
Thoughts?
Comment
FUTURE EUR/GBP SHORT POSITION?PROS
- Retest of strong support on monthly
- Stoch RSI showing overbought on both monthly and daily
- Slight bearish MACD divergence on daily chart
- Head and shoulders pattern forming on both weekly and daily
Waiting to break neckline at roughly 0.77500 before entering short.
THOUGHTS? THUMBS UP IF YOU AGREE
EUR/USD SHORTPros
- Stoch RSI oversold on the monthly, weekly and daily.
- High test of both trendline and support
- Double top on monthly chart.
- Bearish MACD divergence
Cons
-Trading against the trend
- Limited risk/reward before next support level at 1.14000
Planning to wait one more day to see what tomorrows daily candle shows.
Possible trend change at this level?
THOUGHTS?
