Hey, I am back with another Technical analysis this time Looking at EUR/USD pair.
EUR/USD has seen a very strong rise, from 1,17100 to to almost 1.12 in a week but haven't seen a correction yet.
The daily chart is showing a Regular bearish divergence.
And the 15 min chart is barely holding on the support level,
Although I like the RSI which finding support at 40.
How to play this?
I am in short since 1.19501, you can also try to short somewhere at 1.19380, and TP at 1.18920, risk reward 3:1 is very easily achievable here, hopefully with this information you can calculate the Stop loss yourself.
And that's it from me, don't forget to like this idea if you agree that E/U is a short.
Cheers,
Tibor
EUR/USD has seen a very strong rise, from 1,17100 to to almost 1.12 in a week but haven't seen a correction yet.
The daily chart is showing a Regular bearish divergence.
And the 15 min chart is barely holding on the support level,
Although I like the RSI which finding support at 40.
How to play this?
I am in short since 1.19501, you can also try to short somewhere at 1.19380, and TP at 1.18920, risk reward 3:1 is very easily achievable here, hopefully with this information you can calculate the Stop loss yourself.
And that's it from me, don't forget to like this idea if you agree that E/U is a short.
Cheers,
Tibor
Note
Testing important 5min resistance Trade closed: target reached
My take profit was hit! +31 pips
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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.