On 1 H scale bearish trend is prevailing. Although market is sideways but is forming bearish Rectangle. One can also see it as bearish flag. Earlier divergence was observed but it was normalized (did not play). Therefore, bearish trend will continue.
Taking trade as mentioned on chart.
Taking trade as mentioned on chart.
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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.