From the large time frame price is near 61.8 level. This is a close to an area of structure.
The weekly trend is downwards so this would be countering the main trend. However a small break out has shown itself on the 30 minute chart.
Couple this with RSI divergence and we should see some bullish momentum until the descending trendline.
The weekly trend is downwards so this would be countering the main trend. However a small break out has shown itself on the 30 minute chart.
Couple this with RSI divergence and we should see some bullish momentum until the descending trendline.
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Price continues to push down. Check my latest published chart for more trade information
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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.