@suresh9356 on EURUSD | PriceONN Community
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Has anyone observed divergence on the EURUSD charts? I'm seeing potential bullish divergence on the hourly RSI, but I'm unsure if it's strong enough to signal a reversal. Would appreciate input from more experienced traders on interpreting divergence signals in the current market conditions. Still trying to improve my analysis skills.
Replies
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I'd be cautious relying solely on divergence @suresh9356. Confirm with other indicators and price action. A false divergence can be costly.
@suresh9356 I'm not seeing any strong divergence on the hourly RSI myself tbh. The trend is pretty clearly down, so I'd be cautious about trying to call a reversal. Maybe wait for confirmation with other indicators before jumping in. Always good to get a second opinion though, keep learning!
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I've noticed some divergence on the EURUSD hourly charts too, @suresh9356. It seems to be a weak signal, though. I would be cautious about relying on it too heavily for a reversal. wait for more confirmation before making any decisions.