This is a very rare setup we have here a convergence-divergence setup on the same timeframe, usually on this setup we should combine D1 and H4 timeframes.
Not only that. I see more reason to short on this levels.
- double top with divergence - clear uptrend broken, price made its first lower low - convergence on MACD shows expected next price move - price is testing the trendline - EW possible expanded flat correction (not shown)
Best regards.
Comments
ccake28
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Hi. Do you see 1.32 as the target as well?
FullTimeTrader
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hello, yes, 1.32 is the target, it will take some time off course. regards.