EURUSD is close to forming a Death Cross on the 4hour time frame.
The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill.
The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross.
Today's small spike is a solid sell entry. Target 1.06500 (Support of the Rising Megaphone).
Previous chart:
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The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill.
The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross.
Today's small spike is a solid sell entry. Target 1.06500 (Support of the Rising Megaphone).
Previous chart:
Follow us, like the idea and leave a comment below!!
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