The Currency Pair made a HH and the RSI has not followed the price move, which indicates divergence and we saw that on the currency pair. The pair is trading near the EMA's. The all three EMA's are showing flat  movementem.

The Pair is trading in a rectangle from December, trading in range is not advised because there are many slippages, here we have a confirmation through which we can trade the rectangle.

If the Pair closes below the EMA's for 2day we can take a short position in the pair.

There are divergences seen so we have a confirmation for the sell side.

MACD crossover is seen and the crossover is above 0, if the pair closes below the EMA's and the MACD's trades below 0, will get another confirmation

Advice : Sell if the pair closes below the EMA's

Selling Opportunity

Aug 24 2021

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