Emerging Bearish Divergence in GBP/USD
Bearish Divergence Rules
1. Find the higher price high on the chart and mark it with the letter A.
2. Now mark the RSI indicator with the letter B for the same time and date as the A point.
3. Now mark the previous RSI high with a C. This RSI point must above 70.
4. Find the price that corresponds to C and mark it with a D.
5. Point E is RSI swing low between point B and C. Point E must above 30
6. Buy when RSI breakdown point E.
Bearish Divergence Rules
1. Find the higher price high on the chart and mark it with the letter A.
2. Now mark the RSI indicator with the letter B for the same time and date as the A point.
3. Now mark the previous RSI high with a C. This RSI point must above 70.
4. Find the price that corresponds to C and mark it with a D.
5. Point E is RSI swing low between point B and C. Point E must above 30
6. Buy when RSI breakdown point E.