TECHNICAL OUTLOOK AT 1H TF:
1. Bearish Trend
2. Bullish Divergence
TRADE PLAN:
Trend reversal is expected as it has made Bullish Divergence. Most probably it will also make Reversal Pattern like Double Bottom or Inverse Head and Shoulder. So I would recommend to go for BUY STOP at the break of previous LH level as mentioned in the chart.
1. Bearish Trend
2. Bullish Divergence
TRADE PLAN:
Trend reversal is expected as it has made Bullish Divergence. Most probably it will also make Reversal Pattern like Double Bottom or Inverse Head and Shoulder. So I would recommend to go for BUY STOP at the break of previous LH level as mentioned in the chart.