EURUSD Bearish Divergence

٥ مايو ٢٠١٧

Price is at the strong resistance level 1.1000. The market can reverse and fall to MA100 (yellow line) or even lower. Also we have a bearish divergence which is a sell signal. The trading idea can be like this: place sell-stop orders below MA50 (blue line) with stop orders above 1.1000 level. Profit target is at the MA100. As for long trades, they can be opened only if price bounces from MAs or support levels.