1) Previous divergence
2) MACD indicator shows a potential reversal.
3) I see some pressure from the sellers.
4) The risk reward ratio is pretty good.
Please tell me in the comment what are you thoughts. I'm not an expert but if you think I'm wrong or have more details feel free to say it to me.
2) MACD indicator shows a potential reversal.
3) I see some pressure from the sellers.
4) The risk reward ratio is pretty good.
Please tell me in the comment what are you thoughts. I'm not an expert but if you think I'm wrong or have more details feel free to say it to me.
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Im on my phone now and I cant share a proper graphic but I see the exact same thing on the GBPJPY. You might want to check this out.