FX:EURUSD Short EUR based on price reaching and reacting (with signs of rejection) at a strong resistance area based on the daily time frame. The 4hr chart has shown signs of price rejection and divergence across the 4hr/2hr time frames on the RSI. Price has also reached the top of the ascending trend line on the 4hr, and the descending trend line on the Daily. The last Daily candle was a bearish engulfing. Thoughts on this??
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PHL
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agree, good area to sell. I hope you don't sell because of that pattern though :)