on DAILY: EURUSD is sitting inside a strong support/resistance zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: price is now trading inside a channel in orange so we are waiting for a third swing to form around our lower orange trendline to consider it valid and then enter on its break downward.
we also have divergence on MACD adding more confluence to our sell setup.
meanwhile, until the sell setup is activated, EURUSD would be overall bullish.
on M30: price is now trading inside a channel in orange so we are waiting for a third swing to form around our lower orange trendline to consider it valid and then enter on its break downward.
we also have divergence on MACD adding more confluence to our sell setup.
meanwhile, until the sell setup is activated, EURUSD would be overall bullish.
This analysis is done using RichTL
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www.RichTL.com
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