I’ve been following this pair since last week. After the first levels we were watching and failed now the pair is forming another sell opportunity. Technically the pair should go lower from the current levels or a bit higher.
Technical Overview:
H4: channel, 3 waves on the H4 chart (3rd one is being developed at the moment), resistance, fibonacci levels
H1: bearish divergence, band-to-band move
Entry:
H1: look for the bearish divergence to complete (MACD bearish slope and bearish candle pattern) around the sell zone marked on the screenshot.
Target 1: 20 MA on the H4 chart
Target 2: 0.7440
Stop Loss: above last high created
Video Explanation:
Yours,
Vladimir
GDP growth is one of the most important indicators of economic health. But does stronger…
When it comes to fundamental Forex analysis, few institutions matter as much as the Federal…
Interest rates are one of the most important fundamental forces in the Forex market. But…
The latest U.S. employment report has delivered a significant warning for the market. With only…
The Forex market does not always offer clear trading opportunities. Sometimes, price moves sharply in…
Open social media for a few minutes and you can easily find someone talking about…
View Comments
Awesome post.
Awesome post.
Great article.