EUR/USD short

15 ก.ค. 2019

EURUSD

EUR/USD

4 hour chart - continues to consolidate under the resistance looking for a sell off. A triple top has been detected. RSI shows to be more on the overbought side which is also another confirmation for a drop.

30 min chart - looks very similar to the 4 hour chart. RSI also looking good with being more on the overbought side. Candlesticks riding above EMA. Waiting for it the rise above the candlesticks to confirm the downtrend pattern.

1 min chart - shows confirmation of current triple top which is still in the process of trying to sell off. EMA is riding above candlesticks which indicates potential sell off. RSI shows to be on overbought side.

OVERVIEW : Most all indications are showing signs of a great "short". Old support has been confirmed to be a resistance, RSI shows to be overbought on all timeframes. EMA working toward moving & staying above candlesticks indicating short happening. Overall a descending pattern is shown.