Detailed Description:
"Trade Setup: EURUSD short position.
Analysis:
Order Block: Price has approached and rejected a significant bearish order block, indicating potential institutional selling pressure.
Fibonacci Retracement: The price action aligns with a key Fibonacci retracement level, suggesting a likely reversal or continuation of the downtrend.
RSI Divergence: A bearish RSI divergence is present, where price is making higher highs (or reaching a high) while the RSI is making lower highs, signaling weakening bullish momentum and potential for a downward move.
Rationale: The confluence of these technical indicators strengthens the probability of a bearish move in EURUSD. The order block suggests strong supply, the Fibonacci level indicates a potential reversal point, and the RSI divergence confirms weakening bullish momentum."Euro Usd sh, my analysis base on the orderblock and fibonacci level ,
"Trade Setup: EURUSD short position.
Analysis:
Order Block: Price has approached and rejected a significant bearish order block, indicating potential institutional selling pressure.
Fibonacci Retracement: The price action aligns with a key Fibonacci retracement level, suggesting a likely reversal or continuation of the downtrend.
RSI Divergence: A bearish RSI divergence is present, where price is making higher highs (or reaching a high) while the RSI is making lower highs, signaling weakening bullish momentum and potential for a downward move.
Rationale: The confluence of these technical indicators strengthens the probability of a bearish move in EURUSD. The order block suggests strong supply, the Fibonacci level indicates a potential reversal point, and the RSI divergence confirms weakening bullish momentum."Euro Usd sh, my analysis base on the orderblock and fibonacci level ,
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.
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.