1. As you can see we have a hidden bearish divergence on the 1hr timeframe
2. We have also hit a key resistance area signified by the plotted black line
3. We then have a bearish engulfing candle which adds more substance to taking the trade
4. Finally awaiting the entry signal of the rsi crossing the overbought band (60) in a downward direction
2. We have also hit a key resistance area signified by the plotted black line
3. We then have a bearish engulfing candle which adds more substance to taking the trade
4. Finally awaiting the entry signal of the rsi crossing the overbought band (60) in a downward direction
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