EURUSD Bearish Divergence
Updated
MACD and RSI formed bearish divergence and it's time for short trades. ADX starts falling and shows that probably up movement is over. Also we can have price reversal from MA100 on the daily chart. Entry is 1.1195 and a stop order must be placed above 1.1235. Profit target is 1.1105 asnd if price breaks this support level and MA100, we'll have the 2nd target near 1.0950.
Trade closed: target reached
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