EURUSD bearish divergence
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Hi pros!
this week we begin with this short term trend reversal trade based on price action (inside bar breaking down) and volume analysis with macd indicating us price should pullback due to a bearish divergence.
Those 2 signals make me think the market have high probability to going down to at least the last support or even better the 0.618 fib
In daily chart we can observe bulls took control of the market the last 2 weeks and push out the bears. now it's a possible zone for them to take profit and for bears to short because no one (or a small group) will dare to buy a market that rise at 90 degrees.
So the plan is to short it high now and to buy low at the 0.618 ( long term trend still up)
this week we begin with this short term trend reversal trade based on price action (inside bar breaking down) and volume analysis with macd indicating us price should pullback due to a bearish divergence.
Those 2 signals make me think the market have high probability to going down to at least the last support or even better the 0.618 fib
In daily chart we can observe bulls took control of the market the last 2 weeks and push out the bears. now it's a possible zone for them to take profit and for bears to short because no one (or a small group) will dare to buy a market that rise at 90 degrees.
So the plan is to short it high now and to buy low at the 0.618 ( long term trend still up)
Note
Note
my math profesor must be proud of me lolOrdre annulé
Transaction en cours
ABCD pattern, just entered with SL at 1.14430Trade fermée: ordre d’arrêt atteint
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