XAUUSD - Divergence /Trend Reversal / DXY break down
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Trend reversal:
1. Trend going down but RSI shows uptrend as highlighted green in 1 H view.
2. BX-trender is a good indicator to spot the divergence as well if you enlarge it, you will find the divergence shape.
3. DXY is breaking down as in 1 H view as well.
4. Day frame work shows strong uptrend in overall.
Idea :
1. Hold and see if it can break 2050 resistance.
2. If break,we can look for new high 2200. If it cant break 2050 , hold on and look for down trend reversal and enter.
This strategy is not for scalping but its good for day trader.
Cheers.
Trend reversal:
1. Trend going down but RSI shows uptrend as highlighted green in 1 H view.
2. BX-trender is a good indicator to spot the divergence as well if you enlarge it, you will find the divergence shape.
3. DXY is breaking down as in 1 H view as well.
4. Day frame work shows strong uptrend in overall.
Idea :
1. Hold and see if it can break 2050 resistance.
2. If break,we can look for new high 2200. If it cant break 2050 , hold on and look for down trend reversal and enter.
This strategy is not for scalping but its good for day trader.
Cheers.
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