Correction on a bearish divergence - XBTUSD (1H chart)
We have negative divergence on both the MACD and the RSI on 1 H chart. I also think some consolidation is needed after a sustained uptrend over the last couple of days.
Short area - $7350 - $7425
Target 1 - $7100
Target 2 - $6885
Stop - $7500
Good luck!!!
Short area - $7350 - $7425
Target 1 - $7100
Target 2 - $6885
Stop - $7500
Good luck!!!
Comment:
Target 1 hit!
Comment:
Move stop to $7255 for the rest of this trade as this is a breakout of a falling wedge currently forming.
Comment:
Move stop down again to $7150
