Hi all,
As you can see on the figure, a negative divergence occurred on the daily chart of the pair.
While prices were still rising, RSI has been making lower highs.
This is reinforced by the potential head and shoulders top pattern, putting pressure on the reversal scenario.
As you can see on the figure, a negative divergence occurred on the daily chart of the pair.
While prices were still rising, RSI has been making lower highs.
This is reinforced by the potential head and shoulders top pattern, putting pressure on the reversal scenario.
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading