in case you think the trend has changed, take a look at this daily chart.
lower highs on monthly, OS levels on daily chart - looks like the perfect setup for a nice short on confirmation:
- hidden bearish divergence on daily;
- regular bearish divergence on h4 + almost ab=cd on h4 @ 137.30 (not shown here);
ALWAYS assume the main trend is intact until proven otherwise = unless 141.53 is taken, i will only look for short opportunities.
i also marked the last important levels based on daily PA: resistance @ 139.95, support @ 122.39.
p.s. typo: i meant OB levels on daily chart - stochastic is above 80, cci is ~180.
lower highs on monthly, OS levels on daily chart - looks like the perfect setup for a nice short on confirmation:
- hidden bearish divergence on daily;
- regular bearish divergence on h4 + almost ab=cd on h4 @ 137.30 (not shown here);
ALWAYS assume the main trend is intact until proven otherwise = unless 141.53 is taken, i will only look for short opportunities.
i also marked the last important levels based on daily PA: resistance @ 139.95, support @ 122.39.
p.s. typo: i meant OB levels on daily chart - stochastic is above 80, cci is ~180.
Nihil Sine Deo.