Risk Warning: Trading Forex is inherently risky. This is not a trade alert service and should not be taken as advice to enter or exit a trade. It is simply a narrative of what Straight Talk Traders are watching for, which may or may not happen. What is posted here may or may not develop into legitimate setups on Straight Talk Trading's Complete Response Trading System's specific entry and exit rules, which are only accessible by STT clients.
The Trade: EURUSD hourly setup. Wait a few hours into the trading day until hourly EURUSD makes a divergence (continuation or reversal) at the horizontal level of resistance marked. Also wait for 4H stochastic to give an overbought signal at 80.
Direction: Short
Reason: On the daily chart, price is at a level of either price continuation of trend or a temporary trend breakdown. For that reason, it should give a decent intraday trade short.
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