Since Covid's low on 3H chart, we got 7%, 8% and 12% pullbacks after such divergences. It only happened
3 times though not a big sample YET be nimble guys out there & REMEMBER shorting tops is where money
is lost and is the most dangerous thing a trader can do according to stats.
I'm waiting for a double bottom to complete at 1.3446 for a buying opportunity, as long as it never breaks and closes below 1.3419, it will be alright for me to head in for a buying opportunity.
I'm into this double bottom trading opportunity, partly is because on the daily chart the market is showing a sideway bounce setup, and this is 1 of my favourite trading setup.
✅This trade is made taking into account the RSI divergence shown in the chart. Price went down while RSI is going Up. Our Target Price is close to 6.8, with a +45% profit.
Play safe, Use only 2% of your available capital.
Hello guys, I bring you this interesting analysis of Euro/Sterling Pound, in Daily timeframe, we see a bearish divegence that this mean that the bullish trend is weakness and the trend could be experiment a change soon, in that case is a change of bearish trend. But for it, we need to read fundamentals and analysis.
