Here you can see a clean divergence. We can also see that price could not reach top of the trend. Here's my setup:
I will wait for the break-out and a re-test. After i see a high fractal, i'm going to enter short. There are 3 profit points for me and I'm not planning to trail my stop.
PS: This is not financial advice.
Atilla
I will wait for the break-out and a re-test. After i see a high fractal, i'm going to enter short. There are 3 profit points for me and I'm not planning to trail my stop.
PS: This is not financial advice.
Atilla
Order cancelled:
Breakout + pullback didn't happen
I know Kung-Fu!