Possible trend reversal for EURUSD

2020년 6월 1일

Hello world,

Theory:
possible trend reversal at res. level

We have:
- overbought RSI
- long term trend: SHORT
- Wykoff expansion phase / possible beginning of trend phase
- price action at res. level
- decreasing candle size indicating momentum loss

What I am waiting for:
- break of the short term trend line (red)


Happy to take feedback.

All the best,
c4ss10p314