EUR/USD Still in Uptrend but Watch for Divergence

2 min read
tarantula fx

tarantula fx

Head of Trading

The EUR/USD went exactly as planned during the Live trading webinar and hit the target. However, we have a divergence now.

The EUR/USD has hit the target and now we can see that a bearish divergence has formed on intraday time frames. The Red highlight shows possible movement before the divergence gets triggered. How do you trade it? First, check if the price is in the highlighted zone. You need to wait for a MACD line cross or a trend line break. Alternatively look for a bearish reversal candle configuration within the highlighted zone. If it happens, pull the trigger and don’t forget to protect your profits ?.

Many green pips,
Nenad Kerkez aka Tarantula FX

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