Euro / U.S. DollarUpdated Eur/Usd Analysis
In 4hr:
double top with an engulfing candle pattern
price ranging between 1.8659 and 1.8328
Candle closed below 50 ema
On 1hr:
Candle approaching 200 ma
expecting a retracement to 1.18443 which is 0.618 fib retracement
TRADE :
If price closes below 1.18289 then we continue downwards towards 1.17497 since it will break 4hr resistance level
if it breaks above 1.18953 , then price will move upwards to 1.19588 which is a weekly resistance level
double top with an engulfing candle pattern
price ranging between 1.8659 and 1.8328
Candle closed below 50 ema
On 1hr:
Candle approaching 200 ma
expecting a retracement to 1.18443 which is 0.618 fib retracement
TRADE :
If price closes below 1.18289 then we continue downwards towards 1.17497 since it will break 4hr resistance level
if it breaks above 1.18953 , then price will move upwards to 1.19588 which is a weekly resistance level
Trade active
took partial profits and moved sl to break evenTrade closed: target reached
tp 1.7497 reached
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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.