EURUSD rallied for 248 days and now we have some wekness signals.- There is a head and shoulders in formation.
- RSI divergence where the EURUSD made new highs but RSI failed to do so.
- The measured move in case the neck line is broken in the future, has a target in the 50% fibonacci level.
- And... there is a gap to be closed that is right in the 78%... who knows?
Let me know your thoughts!
Trade closed: stop reached
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Related publications
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.