EURUSD H4 short entry, setup

14 ott 2015

EURUSD H4 chart delivers a good entry for short positions. RSI (13) twice crossed below (from above) the 70ies and along with the candle patterns it composes a negative divergence. Price almost reached weekly (pivot) R1 line that proves to be another barrier in front of the price. I think all of these elements represent a great seliing entry point here.
Target is weekly pivot line around 1.1310/15
Good luck !!