Advanced Pattern on EURUSD
very simple setup. On EURUSD we’ve recently created a on the and price has broken to the downside, giving us reason to believe it’s headed lower ( divergence is also supporting that). Although the price has increased very rapidly over the last hours, i’m still incline to sell this market and i’ve also found a valid entry point, that is the D point of the that’s on the lower timeframe (4H and 1H). Sold at the D point, with stops above X and targets as shown on the chart.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!