Hello, here we have a possible short setup on the pair. As we can see that the ascending channel is broken and has been successfully retested, i still believe that there will be a longer consolidation on the pair considering the daily is far from overbought conditions and the 4 hour is rising as well and not in the overbought zone.
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Reversal pattern with divergence Daily close to being overbought
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Daily and 4 hour overbought along with having divergences. Also reversal pattern formed. Can be a very good selling opportunity
COULD GO UP/DOWN !! depends on price action at trend line, RSI on 4h is oversold....it can make one more up down, before finally pierce through trendlines
COULD GO UP/DOWN !! depends on price action at trend line, RSI on 4h is oversold....it can make one more up down, before finally pierce through trendlines