Although USD has been under intense seller pressure, this pair is showing some signals for a bearish EUR for a healthy correction allowing the price action to breathe after a long uptrend rally.
Price action shows evident fatigue from the uptrend, together with clear and strong bearish divergence signaled by MACD.
A sell-stop entry gives enough room to target an R:R|1:2.6, targeting the previous resistance level as a great magnet for the price action to head towards.
S/L: 46 pips
Order cancelled
Trade wasn't triggered, cancelled.
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
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t.me/ogfxtrader
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facebook.com/ogfxtrader
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.