GJ: 4H RSI Divergence at top an early reversal (400 pips drop?)

Technical: I have seen many times before that 4H RSI divergence at top or bottom of price is an early signal of trend reversal. I've given a link of my previous analysis where price was dropped around 500 pips. I am expecting that to happen here too. But again this is a long term trade and could take up to few weeks. In the journey there could be some price manipulation and some ranging may happen also.


Fundamentally: Next month US Fed will increase interest rate so US dollar will be stronger and hence big guys should take long term position from here.

Komentarz:

I have 1 high volume trade opened -

Trade 1: Sell 157.11
TP: Open
Hedge Buy Stop: 158.35

Komentarz:

Engaging another Sell Order -

Trade 2: Sell 157.36
TP: Open
Hedge Buy Stop: 158.35

Komentarz:

Holding both my orders with profit. Hoping to see an impulse down anytime soon.

Komentarz:

Added another Trade on top of existing two -

Trade 3: Sell 156.76
TP: Open
Hedge Buy Stop: 158.35

Transakcja zamknięta: osiągnięto wyznaczony cel:

Closed all my positions at very good profit at 155.63 ..

I'll re enter short from a better price point later this week . I am anticipating a bounce back 155.55 - 155.50 area

Komentarz:

Trade 1 Profit : 148 pips
Trade 2 Profit : 173 pips
Trade 3 Profit : 113 pips

Total 434 pips