EURGBP - A Butterfly with RSI divergence - Short 숏

Euro Fx/British PoundFXCM

설명

⋅ 2020년 6월 28일 오후 3시 52분

Hi All,

I am a learner. So I would recommend to double check my ideas.

Also, request experts to review my idea and suggest.

EURGBP

I can able to see a butterfly in 4H chart.
and RSI shows divergence 0.9073 and 0.9100. So I expect a SELL..

코멘트

JamesWoon

⋅ 2020년 6월 29일 오전 10시 24분

do you still think its likely to drop? RSI showing its extremely overbought so I think a reversal could play out

KeerthiM

⋅ 2020년 6월 30일 오전 10시 38분

@JamesWoon, Sorry for late reply.

The reversal has happened at the Fib range of 61%. also, the butterfly range is till that. I should keep SL after 61%, but missed that.

CFDStephenwood

⋅ 2020년 6월 29일 오전 8시 33분

Thanks for sharing

mjkranthiiii007

⋅ 2020년 6월 28일 오후 5시 57분

Did you take the trade... I think after a small consolidation it was break the previous higher high and making a new higher high.. it may touch the top line in the channel you've drawn..

KeerthiM

⋅ 2020년 6월 29일 오전 2시 43분

@mjkranthiiii007, I too thought about that, but I saw stochastic in over bought area. So expecting a downtrend.. so expecting at least it will hit TP1..

As you said, if the trend reverses in the support, I'll close the trade..

I'm not much experienced, so your suggestions always help me to develop my skills. Thank you..!!