Price is diverging against Momentum on the 3H GBPUSD chart while RSI is in the overbought area.
This kind of divergence is shown by my indicator "Jeddingen Divergence v4" via the red line.
When a Price vs. Momentum divergence occurrs, the current trend may reverse and price could drop to the (untouched!) weekly pivot point.
This kind of divergence is shown by my indicator "Jeddingen Divergence v4" via the red line.
When a Price vs. Momentum divergence occurrs, the current trend may reverse and price could drop to the (untouched!) weekly pivot point.
Trade chiuso: obiettivo raggiunto:
Trend reversed as predicted, pivot was hit a few hours ago.
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