Short set up/entry reasoned from:
- high test bar close
- resistance at ~2.1470
- trend line resistance (4th test)
- rejection around 50 ema
- 50% retracement and close below
- oscillator bearish hidden divergence
entry - below low of high test bar
stop loss - above high of high test bar
target - at previous low or lower (after break of and close below previous low)
Hello Traders,
Here we have two really good bearish harmonic patterns on the FX:EURUSD and both are very close to their completion points. One of the pattern is bearish bat pattern , while the other one is bearish crab pattern . We are also seeing hidden bearish divergence on the RSI, which is an indication of weakness in the bullish strength. I have...
