Ok look at this. As one of the trades I’d put in on here as a weekly set up. I’m feeling mixed ways now here’s why
The rsi show a double bottom orange circle but price made a lower low bottom . I’d seen these type of moves before. The divergence bottoms means price wants to go lower the rsi bottom means the lower support maybe two strong to break.. so what would they do? Introduce buyers by sending price up betting traders will follow 🤦🏾♂️.. so I’ll exit I’ll be watching this pair more closely
As the mom indicator indicators that the lower swing used the same amount of mom to get lower than the higher swing that’s a big discrepancy here in momentum!
As there are 3.
Market psychology
Price and time action
Leading indicators that agree
And I’m seeing an agreement here and the other direction 🤔
The rsi show a double bottom orange circle but price made a lower low bottom . I’d seen these type of moves before. The divergence bottoms means price wants to go lower the rsi bottom means the lower support maybe two strong to break.. so what would they do? Introduce buyers by sending price up betting traders will follow 🤦🏾♂️.. so I’ll exit I’ll be watching this pair more closely
As the mom indicator indicators that the lower swing used the same amount of mom to get lower than the higher swing that’s a big discrepancy here in momentum!
As there are 3.
Market psychology
Price and time action
Leading indicators that agree
And I’m seeing an agreement here and the other direction 🤔
