USDEUR IS OVERBOUGHT A DROP IS COMING

29 มี.ค. 2019

USDEUR has high probability to drop, reasons:

• Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator;
  
• RSI Divergence
  
• Previous Resistance: 0.892
  
• Previous ascending channel has been broken.
  

Target 1: 0.884 Fib 0.618
Target 2: 0.881 Fib 0.382
Target 3: 0.873 Fib 0.236
STOP: 0.893

Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top.


DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.