EUR/USD extended third short is about to start.
Technical:
*Lower high on the 4 hour chart and a proper wave count indicating a short.
*Hidden bearish divergence on the stoch/rsi oscillator.
* Daily chart indicators making a cross over.
Fundamental:
* After Trumps SOTU speech the dollar started to recover.
* Dollars weakness was exaggerated by the shutdown (in my opinion).
My take profit will be at the .382% and ill wait to see how wave B unfolds before shorting again.
*Lower high on the 4 hour chart and a proper wave count indicating a short.
*Hidden bearish divergence on the stoch/rsi oscillator.
* Daily chart indicators making a cross over.
Fundamental:
* After Trumps SOTU speech the dollar started to recover.
* Dollars weakness was exaggerated by the shutdown (in my opinion).
My take profit will be at the .382% and ill wait to see how wave B unfolds before shorting again.