Hi there everyone,
Here is what I got on charts. There is a clear hidden divergence is forming on daily . One of the fresh S&D zone has passed and now moving down to another fresh zone and possibly a stronger zone.There is two spots to enter this trade which has been shown on the chart. The best option is when the price shows a rejection from the bottom zone. However before it gets there it could test the upper zone first and may be fake out then move down to the stronger zone. And this is where we get in the trade with a good R:R. I also would like to point out that the price may reverse earlier than our designated spot. I will try to update the chart if any change may take place. Good luck and happy trading.
Cheers,
Here is what I got on charts. There is a clear hidden divergence is forming on daily . One of the fresh S&D zone has passed and now moving down to another fresh zone and possibly a stronger zone.There is two spots to enter this trade which has been shown on the chart. The best option is when the price shows a rejection from the bottom zone. However before it gets there it could test the upper zone first and may be fake out then move down to the stronger zone. And this is where we get in the trade with a good R:R. I also would like to point out that the price may reverse earlier than our designated spot. I will try to update the chart if any change may take place. Good luck and happy trading.
Cheers,