RSI - Overbought There is a little gap to fill before this possible drop. This could be a 3.88% drop which would be 50% retracement from last move. Where previous resistance becomes support.
Failed to reach new High. Double top creation. Correction wave likely to drop 5% or 12%. RSI not oversold. BEARISH
Currency PPP Market value (21/06/19) RER USDIND 18.553 14155 0.001310703 USDTRY 1.771 5.8129 ...
Bullish Fractal Boilinger band Bullish Signal Weak bearish Candlestick EMA 50 Bullish Cross
Bullish Engulfing Candlestick. EMA 20 Bullish Cross Target at the 50% retracement level.
in the Weekly and monthly time frame we have a bearish trend. The price has failed to reach the 50% retracement level, it has retraced twice to the 38.5% level. The fractal indicator shows a bearish signal. The EMA 50 cross shows a bullish signal. Candlestick analysis: Bearish Harami Bollinger bands show a bearish signal at the red circle on the chart. There...
We have a bearish weekly trend therefore we will be looking for bearish entry points. The price has retraced 50% from the last move (red line on chart), which is a previous support and now resistance line. Candlestick analysis: We have an large bullish engulfing candlestick. EMA at a Bearish cross. Fractals bearish signal.
At this moment there is no suitable entry point. We have a weekly and monthly bearish trend, we are looking for bearish entry points. It has only retraced to the 23.8% level, therefore there is a chance it continues towards the 50% level. Candlestick analysis: we have a strong bearish engulfing candlestick. It seems like we are close to bearish EMA 50...
The weekly charts shows a downward trend, we are looking for bearish entry points. Bearish Fractal signal. Bearish EMA 50 Cross. We have a strong bearish engulfing candle and a confirmation candle. This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough. Stop loss at 2ATR Not a great risk/reward...