Reasons
1) Bearish hammer on 4h
2) Divergence in play with RSI and MACD
3) Price got rejected at key resistance level 1.141
Note:
a) Taking half profit at trend line
b) if prices break, taking the other half at 61.8%. If not, move to breakeven
All the best for some quick pips. This is a short term trade.
1) Bearish hammer on 4h
2) Divergence in play with RSI and MACD
3) Price got rejected at key resistance level 1.141
Note:
a) Taking half profit at trend line
b) if prices break, taking the other half at 61.8%. If not, move to breakeven
All the best for some quick pips. This is a short term trade.
Note
pardon the rsi strategy, not sure how it got there.
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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.