Down trend. Price outside the upper band of regression line. Bearish hammer.
Note
15 min. Bearish divergence. Bearish engulfing. 0.37% risk taken
Note
I hedge the trade with NZDUSD 1)They was a high correlation between the two instruments. 2) I took a smaller position in the NZDUSD (0.20% risk) and it was the most volatile RVI(13) between the USD pairs that I took a signal at that time.
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