I am looking for signals when price reaches the red zone.
If said zone is violated, price could potentially trade up to the next green zone, which would reach the . We might see a bounce from there.
Since we are not seeing any divergence like we did on the previous move down, I will not taking any position on this pair for now.
If the day close a shooting star, combined with a clear MacD divergence, we could have a nice trade setup.
Let's get ready