I’ve been slacking big time on my trades, but I’ve got a couple pairs that are where I need them to be so here come some much needed pairs.
I have found another system to trade yet in place of this RSI, so in the mean time, I’ll trade what I can trade. So here were are:
GBP/USD - oversold, with 4 days closed already, showing a possible reversal today.
EUR/USD - didn’t actually hit oversold, but got as close as any day in the last… 4 months. The last time it actually moved above the 70 zone was Jan, 2018. But this reversed today.
And after some more looking, it looks like JPY pairs, much like USD, are all in or near overbought territory.
Non USD or JPY pairs overbought or sold
- GBP/CHF barely overbought, but hasn’t closed above for a second day.
- GBP/CAD close
- GBP/AUD close
- EURGBP oversold, 3 days closed as such, with some really long wicks
Let’s go GBP/USD/
Short at 1.2977
SL of 150 pips (i think that’s like 1.1 ATR)
RSI overbought at 72.74