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EURUSD: A Sideway Consolidation with Bearish Signals
Euro / U.S. Dollar
Short
EURUSD: A Sideway Consolidation with Bearish Signals
By RaynLim
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Jun 2
1
Jun 2
EURUSD is currently showing a sideway consolidation on the weekly chart, but the daily chart is painting a different picture:
- Bearish Fib-3 Bat pattern with RSI Divergence
I'm eyeing two potential entry points on the 1-hourly chart:
1. Resistance retest at 1.0852
2. Type 2 retest of the Bearish Bat Pattern at 1.0879
What's your take on this setup? Share your trade plans and thoughts in the comments!
askforex100
Bat
Bearish Bat
bearishfib3bat
checkback
combotrade
EURUSD
fib3bat
sidewayconsolidation
Support and Resistance
Triangle
RaynLim
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