Short, MACD Divergence
MACD divergence.
Price seem to lose momentum as it goes higher, possibility of a good sell opportunity on the 1H time frame.
This Short opportunity is also supported by the rising wedge within the larger downwards trend.
Probable long on 15MIN time frame to reach resistance line, however, strong breakdown of price on 03July indicates a short on the correction.
Price seem to lose momentum as it goes higher, possibility of a good sell opportunity on the 1H time frame.
This Short opportunity is also supported by the rising wedge within the larger downwards trend.
Probable long on 15MIN time frame to reach resistance line, however, strong breakdown of price on 03July indicates a short on the correction.
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