I don't usually trade using the RSI strategy, but for some reason, I decided to take a look at it. What I found was a very strong divergence on the 4-hour timeframe, which has been developing over 72 candles—a significant number. Based on this, I expect this candle to be the reversal candle signaling an upward move toward the targets mentioned above.
Trade safely
Trade safely
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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.