As you can see the 1HOUR TF has been making an strong divergence along with the RSI.
We are currently on a downtrend, but very tricky due to the fact that we broke our previous higher highs…
Stop loss can be set around 33200-33230 to have some breathing room.
If we break below 33920 it’ll be a strong indication to the down side.
Other than that this a strong divergence on higher timeframe and adding the fact that we are in a downtrend just makes everything better.
See you at bottom!
We are currently on a downtrend, but very tricky due to the fact that we broke our previous higher highs…
Stop loss can be set around 33200-33230 to have some breathing room.
If we break below 33920 it’ll be a strong indication to the down side.
Other than that this a strong divergence on higher timeframe and adding the fact that we are in a downtrend just makes everything better.
See you at bottom!