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
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Awesome post.
Awesome post.
Great article.