Bearish Divergence,
Looks good to go lower on 4 hr
closures above 2.46 would suggest higher
Looks good to go lower on 4 hr
closures above 2.46 would suggest higher
Note
2.09 has been reached a few days ago, from there as we did not get closures above 2.23 trend continues downwards, if you refilled your position it may be worth taking profits again at 2.09 however as it has been tested multiple times already I would consider this weaker now and look for ~ 1.92 I think the area was and if that does not hold 1.54 area, this looks to have the next few months of downwards price action.Note
Price failing to break above, down we go, 2.09 -> 2.01 -> 1.92 and furtherin that order with possibility along the way to invalidate
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.