Euro / U.S. DollarShort
TREND CONTINUATION TRADE FOR UPCOMING WEEK - EURUSD - SHORT
SEE PICS BELOW FOR FULL VIEW!
DAILY CHART
- price making lower lows and lower highs
- price got rejected from level 1.13996
- price not broken higher than the previous high which was 1.15000 (if broken price could have gone up)
https://www.tradingview.com/x/4qyZrABW/
4 HOUR CHART
- price also in a downtrend (confluence with daily chart)
- possible pullback into the green area between 50% fib level
- or a pullback towards 1.13996 level with 38.2% fib level supporting
- 1.13996 level been tested as S/R in the past
https://www.tradingview.com/x/627mXyBd/
1 HOUR CHART
- price in a downtrend (3 timeframe confluence)
- possible entry on the 1 hour chart or lower timeframe
https://www.tradingview.com/x/69HriEmo/
TARGETS
- TP1 1.13017
- TP2 1.12171
DAILY CHART
- price making lower lows and lower highs
- price got rejected from level 1.13996
- price not broken higher than the previous high which was 1.15000 (if broken price could have gone up)
https://www.tradingview.com/x/4qyZrABW/
4 HOUR CHART
- price also in a downtrend (confluence with daily chart)
- possible pullback into the green area between 50% fib level
- or a pullback towards 1.13996 level with 38.2% fib level supporting
- 1.13996 level been tested as S/R in the past
https://www.tradingview.com/x/627mXyBd/
1 HOUR CHART
- price in a downtrend (3 timeframe confluence)
- possible entry on the 1 hour chart or lower timeframe
https://www.tradingview.com/x/69HriEmo/
TARGETS
- TP1 1.13017
- TP2 1.12171
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.