faridwd

US100 MARKET BIAS BEARISH ON H4

Short
CURRENCYCOM:US100   NASDAQ 100
1. MARKET BIAS
RSI on TF H4 show Bullish Divergence at level 20. Price show over extended and we might expected pullback will happen before continue direction down.

RSI on TF 1H show Bearish Divergence at level 80. It show temporary bias direction to upward.

What should we expect? Base on RSI as tool for determine direction. I am expecting price direction going down.

2. Trend
Price on TF 1H showing direction to upward. Price making high low & higher high. But trend health is reducing, show weakness to upward.

3. Setup
I am trade TF 4H Sell pullback. Using lower time frame for entry Sell.
Entry Sell when RSI on TF 1H crossing down level 80. Tp when RSI on TF 4H crossing up level 20

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