EURUSD Short/Sell Idea
waiting for a momentum candle close below 1.09930 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)
Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)
N.B. we have got a sell setup forming as well on USDCHF. which doesn't make sense as EURUSD and USDCHF are negatively highly correlated. so we expect only one to get activated.
waiting for a momentum candle close below 1.09930 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)
Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)
N.B. we have got a sell setup forming as well on USDCHF. which doesn't make sense as EURUSD and USDCHF are negatively highly correlated. so we expect only one to get activated.
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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