praveen.bhatiya

Bearish RSI Divergence in overbought Zone

Short
OANDA:USDINR   U.S. Dollar / Indian Rupee
Bearish divergence in my experience are tricky to trade comparing it with bullish divergence . Sometimes stocks make more upward attempts before falling finally and thus triggers Stop loss. However the USD is showing continuous Divergence in Overbought Zone and yesterday bar has showen weakness. One can short the USD with SL of recent high.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

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