I know I posted a bearish scenario, but here’s a small 1hr time frame bullish scenario.
We’ve retraced to 0.68 and saw a nice rejection. If a reversal were to happen, I would imagine it happening sometime now. The RSI is showing a bullish divergence on the 15min and 1hr, and we’ve hit the bottom of the falling wedge.
If a reversal were to happen… I think I’ll be exiting around 0.31. This is around 0.65 of the wedge.
We’ve retraced to 0.68 and saw a nice rejection. If a reversal were to happen, I would imagine it happening sometime now. The RSI is showing a bullish divergence on the 15min and 1hr, and we’ve hit the bottom of the falling wedge.
If a reversal were to happen… I think I’ll be exiting around 0.31. This is around 0.65 of the wedge.
