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…
The rally in U.S. stocks is encountering a fresh hurdle -- a potentially problematic rise…
Hi Traders! EURAUD short term forecast and technical analysis post is here. We do our…
Hi Traders! GBPCHF short term forecast follow-up and update is here. On October 3th, 2024…
Hi Traders! AUDJPY short term forecast and technical analysis post is here. We do our…
Hi Traders! GBPCAD short term forecast update and follow up is here. On November 26th,…