Reasons
1) Bearish hammer on 4h
2) Divergence in play with RSI and MACD
3) Price got rejected at key resistance level 1.141
Note:
a) Taking half profit at trend line
b) if prices break, taking the other half at 61.8%. If not, move to breakeven
All the best for some quick pips. This is a short term trade.
1) Bearish hammer on 4h
2) Divergence in play with RSI and MACD
3) Price got rejected at key resistance level 1.141
Note:
a) Taking half profit at trend line
b) if prices break, taking the other half at 61.8%. If not, move to breakeven
All the best for some quick pips. This is a short term trade.
Comment:
pardon the rsi strategy, not sure how it got there.