Hidden bearish divergence in the background, buying looks risky! Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Apr 20, 2017 11:54 AM

I found potential hidden bearish divergence in the background and divergent bar. My advice is to watch for potential selling opportunities.

Analysis will be invalid if the price breaks above 1.0780.

Downward targets are set at the price of 1.0700, 1.0640 and 1.0600

Happy trading and trafe safe >

Petar

Trade closed: target reached

⋅ Apr 21, 2017 1:13 AM

First target near the price of 1.0700 has been reached...

Comments

Bone-Collector-444

⋅ Apr 21, 2017 10:59 AM

Am out of EURO trade now, will just watch

Bone-Collector-444

⋅ Apr 20, 2017 12:14 PM

I'll wait for big sell from 1.08700

PetarJacimovic

⋅ Apr 21, 2017 1:14 AM

@griffin1989,
I don't think so that price will go near that level anytime soon. I closed half position near 1.0700.

Bone-Collector-444

⋅ Apr 21, 2017 5:44 AM

@PetarJacimovic, maybe, but let's see what happens next week

donaldsaw

⋅ Apr 20, 2017 12:03 PM

You should also check the massive divergency on the daily and weekly...

PetarJacimovic

⋅ Apr 21, 2017 1:13 AM

@donaldsaw, Hello there,
What divergence you mean ?