TradingView
matt_forex
Oct 24, 2014 10:06 PM

Lower time frame divergence Short

Euro Fx/Japanese YenFXCM

Description

Please see the linked chart as well.

The daily chart shows RSI divergence, indicating a move lower.

The 1 hour chart is now showing RSI divergence as well, setting up a nice point to enter.

Beware horizontal support at 136.48x, this area is a support/resistance point on both the monthly and weekly chart. A break of this point, and price could move very quickly to the downside, toward 132.39x.

See linked chart for stop placement.
Comments
samed.karsanbas
i got 2 sell position on this pair. 137.218 wiwing trade about 300 pips for now i didnt close yet. im waiting for big fallll.
More