AudNzd Double Top + Bearish Divergence D1 Chart

Australian Dollar/New Zealand DollarFXCM

Description

⋅ Sep 29, 2016 12:01 PM

Having a strong reason to make sell because price was retrace into 61.8% + bearish divergence was formed.

Entry :1.0552
SL : 1.07460
TP : 1.0236

Comments

Priceaction_br

⋅ Sep 30, 2016 11:03 PM

Hi there, Could you please tell me why its a bearish divergence and not a bull divergence?

JaybeHoh

⋅ Oct 2, 2016 9:22 AM

Price action create lower high, rsi showing higher high, meaning selling action is more higher...so it will tend to go down some more