This is only triggered by technical analysis, no fundamentals behind it.
The concept is that there is a bearish divergence on the RSI, please note that I use 20/80 for over sold/bought which gives me a much better hit rate. The SL is 2 ATR, there are two TARGETS: T1, just little bit above the 38,2%fibo the other one (T2) should be at 61,8% but there is no structure arround there I have picked the more conservative one at low of the structure.
The concept is that there is a bearish divergence on the RSI, please note that I use 20/80 for over sold/bought which gives me a much better hit rate. The SL is 2 ATR, there are two TARGETS: T1, just little bit above the 38,2%fibo the other one (T2) should be at 61,8% but there is no structure arround there I have picked the more conservative one at low of the structure.