Bearish Divergence shows the momentum of Bulls is getting low and a possible downward trend is expected.
Bearish Divergence plus an AB=CD pattern formation will reverse the trend.
I have taken two trades of 0.5% each. In this case, if I lose, I'll lose 1% max and if both trades TPs are hit, I'll make 1.5% so the overall reward is higher while at the same time booking the profit with one trade.
Bearish Divergence plus an AB=CD pattern formation will reverse the trend.
I have taken two trades of 0.5% each. In this case, if I lose, I'll lose 1% max and if both trades TPs are hit, I'll make 1.5% so the overall reward is higher while at the same time booking the profit with one trade.
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Trade plan cancelled due to the news