GJ: 4H RSI Divergence at top an early reversal (400 pips drop?)
Technical: I have seen many times before that 4H RSI divergence at top or bottom of price is an early signal of trend reversal. I've given a link of my previous analysis where price was dropped around 500 pips. I am expecting that to happen here too. But again this is a long term trade and could take up to few weeks. In the journey there could be some price manipulation and some ranging may happen also.
Fundamentally: Next month US Fed will increase interest rate so US dollar will be stronger and hence big guys should take long term position from here.
Fundamentally: Next month US Fed will increase interest rate so US dollar will be stronger and hence big guys should take long term position from here.
Nota
I have 1 high volume trade opened -Trade 1: Sell 157.11
TP: Open
Hedge Buy Stop: 158.35
Nota
Engaging another Sell Order -Trade 2: Sell 157.36
TP: Open
Hedge Buy Stop: 158.35
Nota
Holding both my orders with profit. Hoping to see an impulse down anytime soon.Nota
Added another Trade on top of existing two -Trade 3: Sell 156.76
TP: Open
Hedge Buy Stop: 158.35
Dagangan ditutup: sasaran tercapai
Closed all my positions at very good profit at 155.63 ..I'll re enter short from a better price point later this week . I am anticipating a bounce back 155.55 - 155.50 area
Nota
Trade 1 Profit : 148 pipsTrade 2 Profit : 173 pips
Trade 3 Profit : 113 pips
Total 434 pips
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This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
--
This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.