💡The chart shows a technical analysis of the EURUSD currency pair on the 4-hour timeframe. The price gathered liquidity from a previous swing high and then reversed downward, indicating a liquidity trap where buy orders were liquidated before moving in the opposite direction. The structure—the support area—was broken. The MACD indicator is showing bearish divergence, indicating weak upward momentum and a possible downward price reversal.
⛔️Not investment advice. For educational purposes only.
⛔️Not investment advice. For educational purposes only.
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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.