Close to a 38.2 retracement on the daily chart, we have some bearish signals on the H4 chart. The price is retesting the channel line, and the RSI 24 made a negative divergence under the 70 level. A fall of the RSI under the trend line would trigger a drop in the price. First target 1.5583, and the second at 1.5455
Comments
rodrigosmarts
⋅
I would expect the breaking of the Target 1 line before shorting, it would also confirm a double top if it does break.
Razvan
⋅
that will be the best short signal :D
leonidasgeorgiou
⋅
Trying this out.
Razvan
⋅
i would recommend to look after the rsi to be broken, that will be a good conf of the downmove