Lower time frame divergence
Please see the linked chart as well.
The daily chart shows RSI divergence, indicating a move lower.
The 1 hour chart is now showing RSI divergence as well, setting up a nice point to enter.
Beware horizontal support at 136.48x, this area is a support/resistance point on both the monthly and weekly chart. A break of this point, and price could move very quickly to the downside, toward 132.39x.
See linked chart for stop placement.
The daily chart shows RSI divergence, indicating a move lower.
The 1 hour chart is now showing RSI divergence as well, setting up a nice point to enter.
Beware horizontal support at 136.48x, this area is a support/resistance point on both the monthly and weekly chart. A break of this point, and price could move very quickly to the downside, toward 132.39x.
See linked chart for stop placement.
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