About 1 years ago the price diverged with RSI and it gave us a trend reversal signal. The bullish divergence was a good reason for opening buy trades in long run. After breaking the downtrend line, we got a good uptrend with many buy opportunities. If you followed the signals from Ichimoku indicator, you could make a lot of money.
This time we have the same structure where a bearish divergence gives us a trend reversal signal. The price dropped to the support zone formed by the uptrend line, 66.70 support level and the cloud. If the price can break this zone, we'll get a new sell opportunity. Pending orders should be placed below 66.00 level with stop orders above 75.70 level. Profit targets will be the support levels.
This time we have the same structure where a bearish divergence gives us a trend reversal signal. The price dropped to the support zone formed by the uptrend line, 66.70 support level and the cloud. If the price can break this zone, we'll get a new sell opportunity. Pending orders should be placed below 66.00 level with stop orders above 75.70 level. Profit targets will be the support levels.
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💎 Share My BEST Trades here 👉 bit.ly/wubits