EURUSD Short Trade Setup - Regular RSI Bearish Divergence Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 17, 2020 11:01 AM

I've just identified a short trade setup on the 1 hour timeframe of the EUR/USD currency pair as a result of the formation of a regular RSI bearish divergence. I'm looking to take a short trade on this currency pair once price breaks the price rejection candlestick which just finished forming on the pair's 1 hour timeframe.

Comments

UnknownUnicorn493766

⋅ Nov 17, 2020 11:08 AM

It has some pretty solid long bias presently. Not sure I'd want to be shorting this. As well as a larger daily inverted H/S pattern.