Bearish Divergence Short Term Daily, Longer Play Bullish Weekly
Looking at the daily chart on the left, we've got Bearish Divergence highlighted by the yellow trend lines. Look for a short entry around 109.15 down to ~108.08
Looking at the Weekly chart on the right, you can see a potential bullish entry coming for the longer term, so at ~108, may be an ideal place to close the short, and open a Long Position (on the blue trend line). Looking at Stochastic's from a weekly perspective we are coming out of oversold.
Looking at the Weekly chart on the right, you can see a potential bullish entry coming for the longer term, so at ~108, may be an ideal place to close the short, and open a Long Position (on the blue trend line). Looking at Stochastic's from a weekly perspective we are coming out of oversold.