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
When you open a Forex trade, you may be focused on one thing: Will price…
The Forex market is open around the clock during the trading week, but that does…
Losing a Forex trade is part of trading. Even a well-planned setup can fail. The…
Many Forex traders spend years searching for the perfect strategy. They study indicators, learn technical…
The latest Federal Reserve developments have shaken the currency and precious metals markets, bringing the…
Forex trading is not simply about finding the right entry. You can have a well-designed…