Pair is forming hidden bearish divergence as seen on the H1 chart. It has also created bearish divergence so the plan as for now is to look for sell opportunities. Dropping down to the M30 chart reveals a great bullish trend line. Once this trend line gets broken along with the most recent support zone we can go ahead and short this pair aiming 0.73 as our final target
Technical Analysis:
H1 – Bearish Convergence, Bearish Hidden Divergence, Fibonacci resistance
Entry:
M30 – Look for a break below the trend line along with the most recent support zone to go short.
Target 1: 0.7355
Target 2: 0.7300
Stop Loss: above last high created
Unfortunately there will be no video explanation of the trade setup today.
Yours,
Vlad
