Hi
as we had analysed the EURUSD on 24-08-2020
as we were bearish on the pair, i am updating that analysis based on some more new confluences.
which are a bearish hidden divergence with MACD and a break through the lower bound of formed Triangle as well as our higher time frame Chanel's top band
which was earlier a support and now turned to the resistance
currently the trend retesting its resistance
i am expecting a continual bearish trend up to the parallel leg of our Fibonacci projection at 1.1725 which is ultimately the lower band of our long Chanel
please comment your ideas and opinions for me
and follow the page for further updates if you liked the idea
as we had analysed the EURUSD on 24-08-2020
as we were bearish on the pair, i am updating that analysis based on some more new confluences.
which are a bearish hidden divergence with MACD and a break through the lower bound of formed Triangle as well as our higher time frame Chanel's top band
which was earlier a support and now turned to the resistance
currently the trend retesting its resistance
i am expecting a continual bearish trend up to the parallel leg of our Fibonacci projection at 1.1725 which is ultimately the lower band of our long Chanel
please comment your ideas and opinions for me
and follow the page for further updates if you liked the idea
Trade closed: stop reached
