US30 - Divergence ==> Short Term Sell ?

١٨ مايو ٢٠٢٠

Analysis :

• Price is close to two a resistance areas,
  
• Price bounced once on the first resistance area,
  
• Bearish Divergence formed,
  
• A Pinbar pattern formed,
  

Scenarios:

Sell:

• Wait for the first resistance area breakout fail,
  
• Wait For the divergence confirmation,
  
• Wait for the rejection candle pattern to form e.g. bullish engulfing , shooting star , Inside bar etc,
  
• Initiate Sell order,
  
• Targets are TP1 to TP2,
  
• SL above the second resistance Area Area.
  

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.