EURNOK short, 2h/4h Momentum vs. Price Divergence

EURNOK shows bearish Divergences of Momentum vs. Price on the 2H as well on the 4H chart.
There was a strong uptrend but on the 2H chart RSI is oversold and falling.
Trade entry could be right now, or when price breaks the trendline to the downside to have an extra confirmation.
Target is the weekly Pivot at 9.33042, Stop-Loss the latest high at 9.3861

ความคิดเห็น:

Price moved up, probably triggered by some fundamental data/ news, and the Divergence disappeared on the 2H chart but is still there on the 4H chart.
RSI is overbought on both Timeframes so maybe Price will bounce back.