We are using he RSI in relation to price in order to spot possible divergences and here is a pretty. nice setup. Pretty much labelled it out on the chart but I'll explain. We are looking for a break below and close on the shown support level to confirm our divergence setup on the analysis. Using PROPER RISK MANAGEMENT it is possible to hold or scalp smaller moves along the way.
Trade active:
If you are in this trade it's time to take at least 50% profits and placing your stop loss at break even. Target 1 is reached so we should protect profits at this stage.