The pair might be forming a great sell signal as we have a few confirmations looking on the H1 chart. What do I mean? Let’s see:
Technical Analysis:
H4 – Hidden Bearish Divergence forming
H1 – Short term down trend line, double cycle up, bearish divergence
Entry Sell Idea:
Divergence on the H1 has already so we can join in a bearish attempt.
Target 1: 0.8830
Target 2: 0.8730
Stop Loss: Protection above the trend line and resistance zone
Yours,
Vladimir
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