EURUSD Divergence: Bearish Potential after break | 1.15% Target
Updated
Timeframe: 4 hours
Short Day Trading Position
Take Profit 1.08040 or @ 1.073 on the long run
SL: 1.093 (Reaching Upper resistance)
The EURUSD pair has been showing signs of bearish divergence on the daily chart, with MACD indicator and trend breaking pointing towards potential downside movement.
The pair has been trading within an uptrend channel for almost a month, but now reached a point of a strong resistance that I see it is hard to break. Based on these technical indications, it is possible that the EURUSD may experience a bearish reversal in the long-term. Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback for this idea if you have any opinion to share
✽
Esteem your Analysis and seek improvements ⌁
↝✔
AbdullahTech ♾
Short Day Trading Position
Take Profit 1.08040 or @ 1.073 on the long run
SL: 1.093 (Reaching Upper resistance)
The EURUSD pair has been showing signs of bearish divergence on the daily chart, with MACD indicator and trend breaking pointing towards potential downside movement.
The pair has been trading within an uptrend channel for almost a month, but now reached a point of a strong resistance that I see it is hard to break. Based on these technical indications, it is possible that the EURUSD may experience a bearish reversal in the long-term. Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback for this idea if you have any opinion to share
✽
Esteem your Analysis and seek improvements ⌁
↝✔
AbdullahTech ♾
Trade active
Back to the opening point after increase close to the SL last weekTrade closed: stop reached
The whole market has been affected after the Fed decision about lifting interest in another step to fight against the inflationNote
The Target is reached in February 6th but the SL is hit anyways :)
AbdullahTech
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