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glennmercer

EURUSD Short: Pullback at Resistance

Short
Euro / U.S. Dollar (FX:EURUSD)  
glennmercer Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD glennmercer gmercerfx Rising Wedge Leading Diagonal EW bearishdivergence
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eurusd glennmercer gmercerfx risingwedge leadingdiagonal ew bearishdivergence
EURUSD has potentially exhausted its first bullish impulse on the 15m chart. SL is placed above 4 moving averages with target at a conservative .382 pullback.

Bearish Confluence:
  • Rising wedge
  • Possible leading diagonal
  • 25 day EMA resistance
  • 25 Day SMA resistance
  • 21 Day EMA resistance
  • 21 Day SMA resistance
  • Bearish divergence

Happy Trading! -GM
Trade active
Trade closed: stop reached:
Savage impulse! Waiting for next signal. Neutral on the pair now.
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