DislikedIt is approaching daily 5 sma. If it can stop it, would be a good level to short. Otherwise, weekly 5 sma shall come to play before a massive down ..imo. In the mean time, it's risky to short before the bullish divergence works its way out yet..imo ..again.
Earlier post: http://www.forexfactory.com/showpost...ostcount=79960Ignored
I am not seeing any div on a 4 hour on MACD or rsi or rapid rsi , however the oversold conditions do concern me , but as long as we stay in the downward bound channel and stay below 202.30 I will be short rallies for swing trades.
For day trades I will just trade both sides of the market as usual .. off a 3 or 5 min chart
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