Today I will give you a trading opportunity for EURUSD pair. After my profit target was hit, I saw another opportunity to go short. The opportunity came from trendline and bearish divergence signals.

Good afternoon everyone! Today I will give you a trading opportunity for EURUSD pair. After my profit target was hit, I saw another opportunity to go short. Let’s find out:

eurusd

The picture above is the EURUSD pair on 4H chart. I drew the trendline and you can see that the price is touching the trendline. I use MACD and Stochastic to see any type of divergence, and I see there is hidden bearish divergence. This could be a signal to go short. Let’s check a lower time frame to find another signal.

eurusd

On hourly chart, there is bearish divergence! This is a good signal to go short.

  • Position: SELL around 1.1265
  • SL & TP: SL around 1.130 and TP around 1.120

Make sure you use proper risk management. Happy trading!

RICO FY