Based on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LH (lower high) is broken, it would confirm the formation of a bullish trend. I plan to enter a long trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.