1. Key points for reversal coming:
The bullish wave on the weekly (W1) timeframe has been rising for quite a long time and has extended significantly.
It is approaching the downtrend zone on the weekly/monthly (W1/MN) chart.
There is a twisted Kumo top in the Ichimoku Cloud, indicating potential indecision or reversal.
The current structure may be forming the right shoulder of a Quasimodo pattern.
The TDI (Traders Dynamic Index) momentum indicator is showing a strong overbought condition.
2. Plan: Sell around 1.1950!
The bullish wave on the weekly (W1) timeframe has been rising for quite a long time and has extended significantly.
It is approaching the downtrend zone on the weekly/monthly (W1/MN) chart.
There is a twisted Kumo top in the Ichimoku Cloud, indicating potential indecision or reversal.
The current structure may be forming the right shoulder of a Quasimodo pattern.
The TDI (Traders Dynamic Index) momentum indicator is showing a strong overbought condition.
2. Plan: Sell around 1.1950!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.