we have 2 time frames here for mid term and long term analysis.
Daily
- We have a almost complete head and shoulder pattern, if things go according to the head and shoulder pattern, we should expect a nice downfall from this point and on
- RSI divergence
- MACD divergence
4hrs
- Broken trend line with a retest already done
- RSI finally heading down after being in a overbought territory for sometime.
- great win to loss ratio
Daily
- We have a almost complete head and shoulder pattern, if things go according to the head and shoulder pattern, we should expect a nice downfall from this point and on
- RSI divergence
- MACD divergence
4hrs
- Broken trend line with a retest already done
- RSI finally heading down after being in a overbought territory for sometime.
- great win to loss ratio
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am closing this pair temporarily till FOMC is over.
FOMC may go in our favour but am not willing to take this risk.
I will open this trade if its still valid after FOMC.
FOMC may go in our favour but am not willing to take this risk.
I will open this trade if its still valid after FOMC.