EURUSD Short/Sell Idea
waiting for a momentum candle close below 1.09930 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)
Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)
N.B. we have got a sell setup forming as well on USDCHF. which doesn't make sense as EURUSD and USDCHF are negatively highly correlated. so we expect only one to get activated.
waiting for a momentum candle close below 1.09930 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)
Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)
N.B. we have got a sell setup forming as well on USDCHF. which doesn't make sense as EURUSD and USDCHF are negatively highly correlated. so we expect only one to get activated.