EURNOK shows bearish Divergences of Momentum vs. Price on the 2H as well on the 4H chart.
There was a strong uptrend but on the 2H chart RSI is oversold and falling.
Trade entry could be right now, or when price breaks the trendline to the downside to have an extra confirmation.
Target is the weekly Pivot at 9.33042, Stop-Loss the latest high at 9.3861
There was a strong uptrend but on the 2H chart RSI is oversold and falling.
Trade entry could be right now, or when price breaks the trendline to the downside to have an extra confirmation.
Target is the weekly Pivot at 9.33042, Stop-Loss the latest high at 9.3861
Note
Price moved up, probably triggered by some fundamental data/ news, and the Divergence disappeared on the 2H chart but is still there on the 4H chart.RSI is overbought on both Timeframes so maybe Price will bounce back.
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⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.