The USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which...
daily : forming big ascending channel that contain a descending channel / falling wedge pattern ,
price have potential to move up to complete the down wave from top of the ascending channel .
4h/1h: price sitting at the bottom of the falling wedge with 3rd touch .
wait for a clear rejection of the bottom pattern with "arc double bottom " or...
This is 100% technical analysis and 0% fundamental analyis. I would like to see for myself if TA can stand on its own.
By my count there is some strong bearish divergence shown on the RSI. Three higher highs have translated to lower highs on the RSI, indicating slowing momentum. When that slowing momentum is also coincident with what seems to be (I only spent 5...
It's may be the best price for shorting with small risks.
SHORT to first TP :: 83.xx || and second TP :: 81.xx || SL :: 84.80 - 85.00
give it some space for swing short setup. with reducing the lot size :D
Have a nice day & Good Luck.