Today, we got really close to the past resistance level (around 9080). If we break that resistance up, it would implicate we're on a bullish market. With that on mind, 9080 becomes the stop-loss for short entries. Now, in today's chart, we observe two things that might indicate a change in the current trend:
1) The volume bearish divergence: higher high's, but lower volume.
2) The RSI bearish divergence: higher high's, but without higher high's on RSI.
Now, with that in mind, if I observe a breakdown in the ichimoku cloud, I'd probably go short in this asset.
Don't trade my strategy blindly, I'm nothing but an amateur. Keep your money safe. Good evening.
1) The volume bearish divergence: higher high's, but lower volume.
2) The RSI bearish divergence: higher high's, but without higher high's on RSI.
Now, with that in mind, if I observe a breakdown in the ichimoku cloud, I'd probably go short in this asset.
Don't trade my strategy blindly, I'm nothing but an amateur. Keep your money safe. Good evening.
