Jonny_Dillon

EUR/USD Short from sell zone

Short
FX:EURUSD   Euro / U.S. Dollar
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4
FX:EURUSD
Short EUR based on price reaching and reacting (with signs of rejection) at a strong resistance area based on the daily time frame. The 4hr chart has shown signs of price rejection and divergence across the 4hr/2hr time frames on the RSI . Price has also reached the top of the ascending trend line on the 4hr, and the descending trend line on the Daily. The last Daily candle was a bearish engulfing . Thoughts on this??

Comments

agree, good area to sell. I hope you don't sell because of that pattern though :)
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