Get started
HudaAli

Short Opportunity

Short
Euro / U.S. Dollar (FX:EURUSD)  
HudaAli  
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Technical Indicators
5
0
chartpattern indicator
The price failed at closing above the resistance level and formed a bearish engulfing candle & a double tops pattern which indicate a down move. Also, RSI shows a bearish divergence and A/D shows shows a distribution reading. All indicate a good opportunity to short.
The first target can be the recent support at 1.22400.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.