Double Repo on EUR/USD (unconfirmed)
- KeonConsultancy.com
- Dec 30, 2019
- 1 min read
Price has already closed below 3-3 SMA and then closed above it, made a new high. If the price closes back below 3-3 SMA, Double Repo pattern will be formed. Its classical target is 50% retracement of recent thrust up. SL few pips above recent high.
The pattern will be supported by bearish divergence.
Video version: https://s3.amazonaws.com/tradingview-vid/t/tqYW2AumiHyd0H5e.mp4