EURUSD Sell Signal (long term)

Pattern: Channel Down on 1M.

Signal: Bearish as the price has entered the Lower High divergence zone (if the current is also -0.40% lower from the March – June Lower High range).

Target: 1.0800 (even though the -4.65% extension can go as low as 1.0700).

NOTE: The same pattern has been followed in the past for successful trades as seen below.

Tradingview link:

https://www.tradingview.com/chart/EURUSD/5UsodPIJ-EURUSD-Sell-Signal-long-term