EURUSD forming a really nice reversal, remain bearish
Sell below 1.1666. Stop loss at 1.1738. Take profit at 1.1573.
Reason for the trading strategy (technically):
Price has started to form a really nice reversal pattern as we first suspected. We remain bearish below major resistance at 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is dropping nicely with good downside potential. Bearish divergence vs price signals that a reversal is impending.
Reason for the trading strategy (technically):
Price has started to form a really nice reversal pattern as we first suspected. We remain bearish below major resistance at 1.1666 (Fibonacci retracement, horizontal pullback resistance, breakout area, bearish divergence) for a further push back down to 1.1573 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is dropping nicely with good downside potential. Bearish divergence vs price signals that a reversal is impending.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.