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babasholajoshua

Hidden bearish divergence spotted on EURUSD, SELL OPPORTUNITY

Short
Euro / U.S. Dollar (FX:EURUSD)  
babasholajoshua Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis eurusdshort divergencetrading divergencedetection divergencebearish divergencersi divergenceplay divergencepattern
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trendanalysis indicator beyondta eurusdshort divergencetrading divergencedetection divergencebearish divergencersi divergenceplay divergencepattern
Hello traders, welcome back to my divergence trading idea. Today, EURUSD form a Hidden Bearish Divergence on the H4 TF as price had made a Lower High (LH) while the RSI Indicator had made a Higher High indicating price can move further down as the price is in a downtrend. Also on the H4 TF, price rejected the recent high trendline around 1.11203 which could mean more sellers are coming in.

A trade entry can be made around 1.10285 with TP placed around 1.08461 and SL around 1.10863.
The RRR is 1:3.21 making it a good trade
Trade active:
Trade triggered
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