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29 Sep 2017 pukul 07.58

EURNOK short, 2h/4h Momentum vs. Price Divergence Penjualan

Euro Fx/Norwegian KroneFXCM

Deskripsi

EURNOK shows bearish Divergences of Momentum vs. Price on the 2H as well on the 4H chart.
There was a strong uptrend but on the 2H chart RSI is oversold and falling.
Trade entry could be right now, or when price breaks the trendline to the downside to have an extra confirmation.
Target is the weekly Pivot at 9.33042, Stop-Loss the latest high at 9.3861

Komentar

Price moved up, probably triggered by some fundamental data/ news, and the Divergence disappeared on the 2H chart but is still there on the 4H chart.
RSI is overbought on both Timeframes so maybe Price will bounce back.
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