As we can see in the 1-hour chart on EURUSD there is a divergence between the MACD indicator and the price himself, while the price creates high and higher High, the MACD shows high and lower high, this divergence indicates that the buyers of this uptrend getting wick, I'll still wait to see if the price will breakout The confirmation zone which is the support below, if that happens, I'll look for price action setup for sell position.
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The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
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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.