Title
EURUSD, H4 | Potential Bearish Divergence
Type
Bearish Bounce
Preference:
we are seeing a bearish divergence, which suggests that the price may reverse from our pivot
Alternative scenario:
If the price to break our pivot, it could push up to our resistance level
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.