Bearish Divergence with no new HH shows that the trend has become weaker and has chances of reversal.
Put sell stop at 97.375.
There is also possibility that it might form another HH and then reverse. That is because of the rising wedge pattern that is forming, in that case we will shift the Sell Stop to the next HL and at the break of that HL, we will sell.
Put sell stop at 97.375.
There is also possibility that it might form another HH and then reverse. That is because of the rising wedge pattern that is forming, in that case we will shift the Sell Stop to the next HL and at the break of that HL, we will sell.
Trade closed: stop reached