Currently price shows a Bearish Divergence, still
to trigger it and break the uptrend, ideally price should
create a lower low and take out point A to confirm
the reversal. Price also shows Hidden Bullish
Divergence (green lines). An idea for longs is to look
for a break of the current consolidation OR a test
of the Weekly S1 OR/AND a bullish cross on MACD
S1 should hold retracement in a bull trend.If price
plunges and takes out Point A
look for shorting the pair.
to trigger it and break the uptrend, ideally price should
create a lower low and take out point A to confirm
the reversal. Price also shows Hidden Bullish
Divergence (green lines). An idea for longs is to look
for a break of the current consolidation OR a test
of the Weekly S1 OR/AND a bullish cross on MACD
S1 should hold retracement in a bull trend.If price
plunges and takes out Point A
look for shorting the pair.