Pair has formed bearish convergence on M15 and it is now retracing near around 50% of the initial down move which took place on the H4 chart. There is also bearish hidden divergence already so i believe a sell here is a good idea.
Technical Analysis
H4 – hidden bearish divergence
M15 – convergence
Entry
Sell now market price 83.71
Target 1: 82.70
Target 2: 81.50
SL: above 84.00
Yours,
Vladimir
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of December…
US stocks futures held gains as Asian and European equities set the pace on Thursday,…
Hi Traders! US Dollar Index short term forecast and technical analysis is here. We do…
Hi Traders! Dow Jones short term forecast update and follow up is here. On October…
Hi Traders! EURNZD short term forecast and technical analysis is here. We do our analysis…
Hi Traders! Silver short term forecast update and follow up is here. On October 15th,…