Euro / U.S. DollarShort
EURUSD - Short analysis
2 bearish patterns in formation
- a small bearish crab + a big bearish bat.
- nice resistance area
- close to a quarter point
- point D of the B coincides with 1.618 fib extension (the entry point)
- overbought (Bollinger bands + RSI)
- possible Bearish Divergence on the RSI
wait for confirmation (Double Top, H&S, pin bar, ...) but keep an eye at the trend line, the market can reverse before our PRZs
- a small bearish crab + a big bearish bat.
- nice resistance area
- close to a quarter point
- point D of the B coincides with 1.618 fib extension (the entry point)
- overbought (Bollinger bands + RSI)
- possible Bearish Divergence on the RSI
wait for confirmation (Double Top, H&S, pin bar, ...) but keep an eye at the trend line, the market can reverse before our PRZs
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