Reversal Bearish Divergence on CADCHF
Updated
Spotted this reversal bearish divergence on CADCHF in 1H timeframe. Price also is consolidating in my key area as shown. What do you think about my idea? Leave your comments below and follow me for more RSI Divergence trade set ups.
Sell: 0.68706
SL: 0.69118
TP: 0.67883
RR: 2R
"Simple doesn't mean not profitable"
Stay focused my friend.
Sell: 0.68706
SL: 0.69118
TP: 0.67883
RR: 2R
"Simple doesn't mean not profitable"
Stay focused my friend.
Note
We are in in this trade & are up 45 pips. Moved stop loss at breakeven for a risk free trade. As I expected the price bounced in the area of 0.68155 which I consider as problem area for this short trade. Just stick to our trading plan.Trade closed manually
Manually closed this trade for +62 pips win as RSI is forming a bullish divergence. Congrats to all who follow this idea. Keep piping.!Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.