Hi guys,
on EURUSD price is testing a key resistance area on the daily chart. As we go down on the 4hr chart, you can see it's created a nice pinbar (with a long wick to the top) along with RSI divergence at a psychological number (1,0800).
I'm waiting to see next bar, if it closes red, i'm shorting this pair.
Stops above the highs, target1 roughly at 1,25:1 RR, target2 to be determined.
If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
on EURUSD price is testing a key resistance area on the daily chart. As we go down on the 4hr chart, you can see it's created a nice pinbar (with a long wick to the top) along with RSI divergence at a psychological number (1,0800).
I'm waiting to see next bar, if it closes red, i'm shorting this pair.
Stops above the highs, target1 roughly at 1,25:1 RR, target2 to be determined.
If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Kommentera:
No shorting signal. Price is still in the reversal zone though. Continue to watch it attentively.
Kommentera:
Handel aktiv:
Shorted @1,0796
Trade stängt: Stopp nått