TradingView
MaBaCapital2
May 30, 2020 9:18 PM

Possible trend reversal Short

Euro Fx/U.S. DollarFXCM

Description

As we can see there is a small divergence happening here. The chart has given us a higher high but the MACD does not indicate a high high. The difference is not that big so this is a small indication because we normally would like to see a bigger difference in the chart and MACD. The other thing that could indicate a trend reversal is that the RSI has broken above the 70 level and that the Heikin-Ashi has already given us the first red candle. This 3 things combined indicate that there could be a trend reversal.


PLEASE KNOW THIS : It is a very news driven market at the moment so the indicators are not as accurate as normally.
More