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TheSignalyst
Oct 16, 2019 8:43 AM

EURUSD Short/Sell Idea Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD Short/Sell Idea

waiting for a momentum candle close below 1.09930 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)

Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)

N.B. we have got a sell setup forming as well on USDCHF. which doesn't make sense as EURUSD and USDCHF are negatively highly correlated. so we expect only one to get activated.
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