Reliable pattern???...Idea to chew on...Short..

FX:EURUSD   Euro / U.S. Dollar
244 9 8
Please don't trade because i'm not sure Make your own analyse about this one..But I will give this idea to chew on..Short ...Big divergence on the MACD ...Diamond pattern (Reliable?)...Cross lines MACD ..Bounce at MA50.. Engulfing candlestick in progress?bear engulfing candle on the weekly chart...Market will sloooow down around New Year i guess....Good luck
Comment: On this moment price could go to the MA200 here on the chart so certainly no short for the moment....
This also could be a H&S pattern forming with the target around 1.055
johan.verm michraz
Youre right man .I didn't see this....Thanks
but now i am more confident because you make it more solid with divergence and moving averages break below 1.08000 will open door for lower low thanks johan
johan.verm Mughal2657
Youre welcome my friend but divergence is an indication to be careful with...:-) Good luck and happy holidays with the end of the year...
Mughal2657 johan.verm
i have already booked 80 pips now looking to short again on best place to target the lower lows my friend
Mughal2657 Mughal2657
johan.verm Mughal2657
Be carefull..Price could go long to 1,10000 and higher now....
Mughal2657 johan.verm
one more example of diamond
Thanks to Mughal2657..His idea of diamond pattern..
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