NZDUSD > Rising Channel with Huge RSI Divergence!!
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Analysis of #NZDUSD
Another rising channel with huge RSI divergence into resistant line and structure for short.
I don't trade RSI by itself but it's the only indicator I use in my trading to guide me and give a look at the market strength and looking at this market from the outside it looks strong but looking atRSI giving us a very different idea.
i will be monitoring this setup on the lower time frame to see if it will provide us a reversal pattern to enter short, you need to be extra careful here as this could shoot more to the upside before it moves down eventually
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #NZDUSD
Another rising channel with huge RSI divergence into resistant line and structure for short.
I don't trade RSI by itself but it's the only indicator I use in my trading to guide me and give a look at the market strength and looking at this market from the outside it looks strong but looking atRSI giving us a very different idea.
i will be monitoring this setup on the lower time frame to see if it will provide us a reversal pattern to enter short, you need to be extra careful here as this could shoot more to the upside before it moves down eventually
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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