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Forex Trading Ideas: EUR/USD Sinks Down This Week After A Bearish Regular Divergence Trade Setup!

By

Jason Sweezey

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November 23, 2019

0

763

“Buy The Dips – Sell The Rallies!”

The EUR/USD had a bearish ‘Regular Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between fifty and sixty pips depending what your entry price was. However, using the ‘Fibonacci Measuring Tool’ we saw price bounce off of the 38.2 Fibonacci level. Then it smashed through the 50.00% and the 61.8 Fibonacci retracement level. We also saw price almost hit the 78.6 Fibonacci price level with ease. We have strong major support at 1.0990 and resistance at 1.1090.

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Fibonacci Re-tracement to the 38.2 price level.

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Forex Trading Ideas: EUR/USD Sinks Down This Week After A Bearish Regular Divergence Trade Setup!

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