Support hit 115.549 numerous times. Unable to break. Shooting star on 4 hour candle indicates a BUY signal. Previous highs are the target. 116.579 may be a time to cash in on 50% or so of profit, and move stop loss to 116.180.
Hi bud. Looks clean but I would never buy straight on a zone like that without confirmation first easy way to get trapped out and take an easy 1% loss. But wasn’t a bad idea I can see what you was looking at 👍
@benjaminh15, RSI divergence is an indicator. But should be used in conjunction with other signs like, chart patterns, candles, trends, MACD, ect. Dont just rely on one indicator. I always give myself 3 reasons to trade, and then look for an argument against that.
@MSI_JAL26, thanks, deciding whether to enter now, as it looks like bearish reversal has occurred. using your strategy, I have RSI divergence, support line of 115.400, and the macd signals to buy. Thanks for your help!