Sup, forex brothas!
Get ’em while they’re hot!
Is it me or has EUR/USD peaked in the short-term?double top on the 1-hour chart just as Stochastic is forming a possible bearish divergence.
Shorting at current levels would yield boss-level risk ratios especially if EUR/USD drops back down to its September lows.
If you think that euro bulls are just taking a breather, however, then you can also wait until EUR/USD trades above 1.1750 and aim for potential retests of the 1.1825 and 1.1900 previous areas of interest.
Who’s up for some comdoll trend trading? I hope you are!AUD/NZD is having trouble making new highs above 1.0825, which isn’t surprising since the level lines up with the 4-hour 100 SMA and a channel resistance that hasn’t been broken since mid-August.
Good luck and good trading this one!