Hello all,
In this chart we again want to make a bold call, like we did on the buy earlier.
As you can see in our EURUSD history we also called the top for EURUSD around 1.20 area.
This pair is fighting for a long time to go higher, but it still didn't make a new high, instead price is going higher, while the momentum in the indicator lacks. This is causing a serious divergence on the 4H and lower timeframes.
Even with the steep fall of the dollar we can witness this pair is having difficulties going higher. Nobody said trading is easy and it is a certain business, it's a game of possibilities and we think a drop from here to the pivot is possible once again.
Good luck!
In this chart we again want to make a bold call, like we did on the buy earlier.
As you can see in our EURUSD history we also called the top for EURUSD around 1.20 area.
This pair is fighting for a long time to go higher, but it still didn't make a new high, instead price is going higher, while the momentum in the indicator lacks. This is causing a serious divergence on the 4H and lower timeframes.
Even with the steep fall of the dollar we can witness this pair is having difficulties going higher. Nobody said trading is easy and it is a certain business, it's a game of possibilities and we think a drop from here to the pivot is possible once again.
Good luck!
Note
Lock in some profits hereNote
Put the SL at break even.Note
Time to hedge the short
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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.