EURUSD: Bearish Divergence as Trend Reversal Signal
Atualizado
It is just a possible trading idea that is based on a trend reversal signal. The price diverged with RSI and MACD histogram. It gives us a selling opportunity. DMI does not confirm the strength of buyers, and we can use it as another bearish signal.
If the price breaks the local uptrend line, SMA50 and 1.14000 support level, we will be able to see a downward movement to SMA200 and below it.
What is interesting, if the price bounces from 1.15000 resistance zone and moves down, the daily chart will give us a trend reversal signal as well. I would like to wait for additional signals supporting the strength of sellers and the further downward movement.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the local uptrend line, SMA50 and 1.14000 support level, we will be able to see a downward movement to SMA200 and below it.
What is interesting, if the price bounces from 1.15000 resistance zone and moves down, the daily chart will give us a trend reversal signal as well. I would like to wait for additional signals supporting the strength of sellers and the further downward movement.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nota
The price broke 1.15000 resistance and moved upward. Short trades were not activated.
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