Hello Everyone!
How are you all?
EurUsd is a pair to watch this week, because it is shaping up very nicely for a sell setup that we can capitalize on.
So, I will be looking for a sell reversal because of the following reasons:
1. Potential Double Top
2. The price is approaching the value area correctively
Potential Value Area: 1.06395
Plan
If the price come to the VA or pushes past the VA and close back in, and makes a sell impulse followed by a 15mins flag with two highs and lows.
Than, I will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EurUsd is a pair to watch this week, because it is shaping up very nicely for a sell setup that we can capitalize on.
So, I will be looking for a sell reversal because of the following reasons:
1. Potential Double Top
2. The price is approaching the value area correctively
Potential Value Area: 1.06395
Plan
If the price come to the VA or pushes past the VA and close back in, and makes a sell impulse followed by a 15mins flag with two highs and lows.
Than, I will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
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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.
Related publications
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.