FCPO 9 Feb 2023 : Bearish Divergence?30min TF :
1. Price break resistance and test supply zone and push back below the resistance.
2. Price break uptrend channel. Indicate SW for 30min or change the trend.
3. MACD shows bearish divergence.
If the price goes for bearish divergence, possible to close the gap and target to be around 3860.
5min TF :
1. Price crosses EMA50 : Sideway/Change trend
2. EMA12 crosses below EMA50 : Downtrend.
Expect price sideway before continue direction.