1) RSI divergence--> despite higher prices as seen in the green trendline; RSI did not go higher indicating a lower buying strength
2) EMA 5 seems to be crossing downwards EMA 15; indicating bearish bias
3) Red boxes indicate past Support/Resistance levels
Awaiting 4 hr candle confirmation candle for short or long position. ( but im more biased towards short)
Fairly new to trading Forex; will appreciate if fellow traders bounce ideas so we can learn tgt :))
2) EMA 5 seems to be crossing downwards EMA 15; indicating bearish bias
3) Red boxes indicate past Support/Resistance levels
Awaiting 4 hr candle confirmation candle for short or long position. ( but im more biased towards short)
Fairly new to trading Forex; will appreciate if fellow traders bounce ideas so we can learn tgt :))