Stochs have rolled over from overbought levels and MACD is on verge of bearish crossover on signal line.
We also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias.
Upside was capped at 5-DMA and 5-DMA has turned south.
Good to go short on upticks, SL: 1.32, TP: 1.3075/ 1.30/ 1.2920
We also evidence a bearish divergence on RSI and Stochs which adds to the bearish bias.
Upside was capped at 5-DMA and 5-DMA has turned south.
Good to go short on upticks, SL: 1.32, TP: 1.3075/ 1.30/ 1.2920
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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.