EURUSD is close to forming a Death Cross on the 4hour time frame.
The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill.
The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross.
Today's small spike is a solid sell entry. Target 1.06500 (Support of the Rising Megaphone).
Previous chart:
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The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill.
The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross.
Today's small spike is a solid sell entry. Target 1.06500 (Support of the Rising Megaphone).
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.