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Currency Futures

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  #1782 (permalink)

Bridgwater, UK
Trading Experience: Beginner
Platform: Ninjatrader
Broker/Data: MB Trading
Favorite Futures: Forex
mokodo's Avatar
Posts: 384 since Jun 2011
Thanks: 525 given, 345 received

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My take is that price looks like it may have accepted both the longer term down channel resistance and that on the more recent upchannel (see area on the blue box), MACD histogram is indicating some weakness with classic divergence. There's a double top in the last few days. I am looking for shorts entries in the 1.2550 -1.2580 area.

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