Pros
- 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?
- 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?