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SanShone

Confluence example - 5 reasons to sell

Education
Euro / U.S. Dollar (OANDA:EURUSD)  
SanShone  
OANDA:EURUSD   Euro / U.S. Dollar
Technical Indicators Trend Analysis Chart Patterns education stochasticoscillator trend short SELL shortsetup Forex forexeducation Contains image
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indicator trendanalysis chartpattern education stochasticoscillator trend short sell shortsetup forex forexeducation containsimage
We have trendline that connects highs and price is trending down. We also see resistance zone formation that price tested 3 times. On the 3rd
touch price also tested the trendline and formed bearish candlestick pattern. Stochastic indicator worked
well as it gave another confirmation so sell (red circle).
1. Downtrend
2. Trendline
3. Resistance
4. Bearish Candles
5. Stochastick Osc.
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