Bearish divergence (purple arrows) has been forming over the past week. I predict that within this week price will fall below the 20SMA (yellow line). If this happens i will then expect a price retest of the 20SMA where i will then be looking to place a SHORT trade. For now its a wait & see if what i've predicted will happen....more updates to follow with the week
Pesanan dibatalkan:
As mentioned earlier this was a Potential Short trade due to the formation of the Bearish Divergence (purple arrows) . However price did not break below the 25 SMA (yellow line) so I didnt take the trade, hence i therefore cancel this trade.