H4 Chart has a hidden bearish divergence with prices currently at 115.50
H1 Chart has a bearish divergence pointing to a correction to 114.00
D1 Chart almost 5 days of strong bullish momentum, so a pull back is quite likely
Short positions targeting 114.0 (Counter trend)
Trade Invalidation
H4 Bullish close above 115.50.
Alternately, look for long positions off 114.00
H1 Chart has a bearish divergence pointing to a correction to 114.00
D1 Chart almost 5 days of strong bullish momentum, so a pull back is quite likely
Short positions targeting 114.0 (Counter trend)
Trade Invalidation
H4 Bullish close above 115.50.
Alternately, look for long positions off 114.00
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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.
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.