Current trend of the graph is bullish, A series of HH and HL's can be seen.
The RSI is above 70 and also shows divergence, so we can expect a bullish trend to start from here. If the trendline is broken then on retest we can enter for short position ,,for more precise Trade we may also wait for the candle closing below last HL i.e. 1.65845.After the candle closing below this point if there is no further divergence the trend will be changed from bullish to bearish
The RSI is above 70 and also shows divergence, so we can expect a bullish trend to start from here. If the trendline is broken then on retest we can enter for short position ,,for more precise Trade we may also wait for the candle closing below last HL i.e. 1.65845.After the candle closing below this point if there is no further divergence the trend will be changed from bullish to bearish
Commentaire:
1H candle closed below last HL,we may expect a retest of trend line if succeeded then the bearish trend will start to continue
Commentaire:
there is a double top made at bottom also there is bullish divergance in rsi if it breaks neckline the this trade is closed