On D1, the cloud is directing downward, indicating a downtrend. The price also reached a downtrend line.
Locally, we recommend selling when the RSI reaches an oversold level on the H4.
At H4, the cloud is directing upward, indicating an uptrend. A divergence has formed between the price and the RSI indicator.
Locally, we recommend...
Short if price can't break the trend resistance along with pivot resistance !
>>Waiting for entry!
Entry Price : 2.71__
Exit Price : 2.53__
Profit Target : 6.50% + (6.50% * 2X Lvg. = 13% Profit)
Stop : 2.25%
Expected time to make the target is 2day after taking entry.
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Slowly bearish moving market.
Bearish waves starting to form after prices made new highs.
At strong resistance and psychological barrier right now, expecting some bearish pressure!
Due to the strong Key Resistance 1, two outcomes are probable. One is to get closer to the resistance or two - drop down straight to the green area marked in the graph. Do you think it will go even lower or is it going back up?