Euro / U.S. DollarShort
EURUSD making ABCD pattern
EURUSD making ABCD bearish pattern. My bias is bearish based on the following:
- At 1H it has already printed bearish divergence twice and at the moment it is sideways probably in a distribution phase.
- DXY index is rising at 1 hour and Euro index is falling.
- At 1H simple dow theory as the chart is making LH and LL
- Entry point at the break of previous LL and SL should be above previous LH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.