I've highlighted the all of the positive RSI divergences using the yellow diagonal line, and used the price range to analyse the percentage of the move following the divergence.
As you can see we're yet in another positive RSI divergence accummulation which has been doing so since Mar 21' and has taken off like a rocket ship.
I'm already in this trade, up 73% from my initial investment.
I wouldn't be surprised to see a slight correction, but this in my opinion reaches at least the lower of the two top resistance lines @ around 1.59
As you can see we're yet in another positive RSI divergence accummulation which has been doing so since Mar 21' and has taken off like a rocket ship.
I'm already in this trade, up 73% from my initial investment.
I wouldn't be surprised to see a slight correction, but this in my opinion reaches at least the lower of the two top resistance lines @ around 1.59
Note
On the daily we can see the pair has been accumulating in a bullish falling flag and has taken moved closer to two important resistances as highlighted.
If they break , we most certainly take off.
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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.