EUR/USD:SELL Gartley Pattern Resistance Stoch+RSI OverB. SHORT

Short

Euro / U.S. Dollar (FX:EURUSD)

Updated

FX:EURUSD Euro / U.S. Dollar

trendanalysis harmonicpatterns indicator eurusd gartleypatern

EUR/USD in the last session has recovered power by the last news releases against the USD dollar. Now the price always inside a bearish channel in a strong downtrend forms a Gartley Pattern where the D point, the entry point, is placed in confluence where there is the Dynamic trendline of the channel and the 200 Moving average. The stochastic is in an overbought area same as the RSI that show also a divergence. Our Idea is about a new Push-down in the direction of the main trend.

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