Yesterday I posted that is selling opportunity this pair. Today it's seems like keep losing upward momentum as MACD indicate bearish divergence formed on H4. I always looking divergence for entry on higher timeframe due to lower noise. So I considered placing sell stop at price 67¢ with stop loss at 67.5¢ (50 pips risk) and target at price 64¢ (300 pips), RRR 1:6.
What do you think?
What do you think?