DLavrov
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EURUSD Bearish Divergence

FX:EURUSD   歐元 / 美元
700 4 77
It looks like we have fake breakout. Price drops below the resistance level and we have a bearish divergence. It's sell opportunity and we can open short trades below the low of the previous bearish candle. Also if price breaks MA100 (yellow line), it will be a good entry level confirmed by price action for new short trades. Stop orders must be above 1.12900 level. Profit target should be near 1.10000 level.
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Your mistake is to find the top in an uptrend
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DLavrov Hiep_Khach_Hanh
@Hiep_Khach_Hanh, trading against the main trend - it's not a mistake. It's good opportunity to open trades in new direction on better levels.
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mistakes are key of sucess
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DLavrov rupambose32
@rupambose32, you are right!
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