EURUSD Possible Short.
Updated
EURUSD, It looks interesting to open a short.
We can see a complete 9-line pattern. Which could indicate that the following candles are possible continuation or start of a new trend.
We can see that the MACD is losing strength and the current levels do not give a good sign, we could see a retracement to support to gain strength and continue the trend.
In RSI we can denote that the bulls are clearly winning, like the trend seen in the chart, but. After all this rise, a corrective must come. Personally I do not think we will go below 50 RSI in the fall that I am waiting for.
Regarding moving averages, we can see that the EMA20, EMA50 and EMA200 have been tested wonderfully. Which is a good sign for the bulls. In the long term, we are betting short.
We can see a complete 9-line pattern. Which could indicate that the following candles are possible continuation or start of a new trend.
We can see that the MACD is losing strength and the current levels do not give a good sign, we could see a retracement to support to gain strength and continue the trend.
In RSI we can denote that the bulls are clearly winning, like the trend seen in the chart, but. After all this rise, a corrective must come. Personally I do not think we will go below 50 RSI in the fall that I am waiting for.
Regarding moving averages, we can see that the EMA20, EMA50 and EMA200 have been tested wonderfully. Which is a good sign for the bulls. In the long term, we are betting short.
Note
4h Charts, Overbought Indicators, Stop Profit and Let Run.
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