UNISWAP BEARISH DIVERGENCE 4H TIMEFRAME. SHORT POSSIBILITY!
Picking up from where we left on our analysis on UNISWAP yesterday (linked below),
Price looks to have broken above the pennant whilst forming a bearish divergence in the process.
Could be a short opportunity and will most likely be a fakeout until invalidated of course.
Trade Idea;
Wait for price to close below resistance before going short.
Enter with a stop-loss above rejection and target support of the pennant.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated.
Price looks to have broken above the pennant whilst forming a bearish divergence in the process.
Could be a short opportunity and will most likely be a fakeout until invalidated of course.
Trade Idea;
Wait for price to close below resistance before going short.
Enter with a stop-loss above rejection and target support of the pennant.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
As always, feedback is appreciated.
Trade active:
Hidden Bearish Divergence is confirmed and now the trade is in place.
Comment:
Took some profits at support
Trade closed: target reached:
Trade complete.
Been a minute since an update, but turns out the trade was in our favour and the setup was indeed correct. Congrats if you took this trade.
Been a minute since an update, but turns out the trade was in our favour and the setup was indeed correct. Congrats if you took this trade.
