EUR/USD : H4 chart – choppy trend
Short-term ascending movement to levels of resistance – horizontal and diagonal resistances
Price action signal – reversal candle at levels of resistance – negative signal
CCI(50) – going below 100
Signal for short positions – when the price break below 1.1345
SL: 1.1427 over the previous top
Alternative scenario
If the price breaks over the previous top will negate the formation
Stefan D. Angelov – Head of Stocks Trading
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