Watch for break out to the downside. Price seemed to form a rising wedge in the 4HR and 1HR Chart. 4HR MACD has just crossed down while Stochastic and RSI moving down from overbought and is also showing divergence on both 4HR and 1HR chart of Stoch and RSI. I believe placing stop just above rising wedge trend line and aim for 1.36000
Trade closed: stop reached
Stopped out. Will be keeping an eye on this pair for more confirmation.
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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.