A hidden bullish divergence on the RSI.
RSI is currently forming a lower low, just recovered from 'oversold'
Price is currently forming what appears a higher low.
These indicate a 'hidden bullish divergence' and is a buy signal for me.
SL @ the previous low (1.48222).
TP @ at the top green line (1.59109), however areas of interest are the other green lines - indicating potential areas of support/resistance.
Keep an eye on the trade, as shall move the TP up, in a bid to make a new higher high.
RSI is currently forming a lower low, just recovered from 'oversold'
Price is currently forming what appears a higher low.
These indicate a 'hidden bullish divergence' and is a buy signal for me.
SL @ the previous low (1.48222).
TP @ at the top green line (1.59109), however areas of interest are the other green lines - indicating potential areas of support/resistance.
Keep an eye on the trade, as shall move the TP up, in a bid to make a new higher high.