Divergence on RSI allowed us to determine a bearish trend is imminent which was promised by a series of Lower Highs and Lower Lows, this then allowed us to place an entry using Fib and aligned our Stop Loss with previous Lower High in order to calculate TP1 & TP2 with a 1% risk.
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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.