Bearish Divergence XAU 27.11.2024
A bearish divergence has appeared: the price forms a new higher high, while the oscillator forms a lower high.
As a result, I decided to take profit to secure gains with a 1:3 Risk-Reward ratio.
There's a possibility of a reversal or sideways movement, so I'll need to wait for further confirmation before making the next move.
As a result, I decided to take profit to secure gains with a 1:3 Risk-Reward ratio.
There's a possibility of a reversal or sideways movement, so I'll need to wait for further confirmation before making the next move.
A d𝓮er digs deeply into bull and bear markets.
Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets
youtube.com/@0xTheChartist
Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets
youtube.com/@0xTheChartist
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