I mean no disrespect but.. Thats actually hidden bullish divergence. Hidden bullish divergence is a continuation of trend. Reason is because a whale (market maker) is buying from the daytraders. Once the daytraders take all their profits price will resume in the uptrend. This type of divergence is typically seen in reaccumulation in an uptrend. Here is something to help you in the future.
@adan0327 totally agreed, but a regular bearish divergence could also happen and as you can see by my daily chart I'm bullish long term, just trying to catch the next good entry considering some possibilities and this was one of them. But thx for the info.
umairceo
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what would be a good entry for long?
TcholaTrader
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@umairceo, near huge support around 2740 or even 3063, using stop losses.
A 3416 breakout could bring the price ahead also.
umairceo
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@tchola, thnx
TcholaTrader
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@umairceo, if you caught at 3063, already in profits haha
babypips.com/learn/forex/divergence-cheat-sheet