GER30 looks set to have reached overbought conditions,
with multiple confirmations resulting in my short position,
1. A critical level being reached resulting in the beginning of a double top formation,
2. Overbought levels with a divergence imminent,
3. 200ma acting as a key target level at 3 with near to 500 pip potential.
Risk management level put in place to confirm. Waiting on price action and a break of the trend line to confirm the position.
with multiple confirmations resulting in my short position,
1. A critical level being reached resulting in the beginning of a double top formation,
2. Overbought levels with a divergence imminent,
3. 200ma acting as a key target level at 3 with near to 500 pip potential.
Risk management level put in place to confirm. Waiting on price action and a break of the trend line to confirm the position.
註釋
Pattern appears to be completing its final stages of the double top.交易結束：達到停損點
Trade invalidated due to stop lose being breached.註釋
Price action and bulls are in control now, awaiting new signs of potential reversals.
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