was in an uptrend since approx the beginning of the year. In May the pair failed to make a new high and since then began a range, which broke the trendline
. The new recent high made at the beginning of July looked to restart the trend, but instead signaled bearish
divergence, as the the RSI
failed to make a new high as well.
I am waiting on a little pull back to the .9350 area which has a little resistance on the 4hr chart, before entering short. with a stop above the recent July high, and an initial profit target at .9133. If price manages to break the .9200 support level
, it should fall fast to the .9133 point fast.
comments and criticism welcome