EURUSD - Bounce off at upper Channel Line + Divergence
Hi Traders!
The market is in an Uptrend.
This statement is supported by the fact,
that the SMA 50+200 are crossing bullish right know,
which is also called a "Golden Cross".
So now, as the market is going up, we have to see when it's going to be over.
So we here have some indications why the market is goint to end soon:
As we're in an Uptrend, don't set your TP too far away.
Thanks and successful Trading :-)!
The market is in an Uptrend.
This statement is supported by the fact,
that the SMA 50+200 are crossing bullish right know,
which is also called a "Golden Cross".
So now, as the market is going up, we have to see when it's going to be over.
So we here have some indications why the market is goint to end soon:
- Price moved really far until now
- The market is reaching a Daily Resistance
- The MACD shows some kinds of Divergence
As we're in an Uptrend, don't set your TP too far away.
Thanks and successful Trading :-)!
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