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DanielTC1
May 18, 2020 5:46 AM

EURUSD Short Short

Euro Fx/U.S. DollarFXCM

Description

Price on the one hour EURUSD is approaching the four hour trend line.
Most recent resistance falls along with the four hour swings 0.500 fib retracement
looking for a short opportunity to meet support below and possibly down to the major support below

Comment

Double top has formed with the ADX at 11 indicating the trend may end
Divergence emerged on the MACD
looking to enter short on a red kicker

Comment

price broke trendline
now looking short form the major 4 hour resistance with same targets
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