EURUSD Short Thesis
Weekly:
- Last weeks candle closed as a bearish engulfing & Marubozu signalling strong sell strength.
- Previous Lows have been taken out.
- Moving averages are still bearish.
Daily:
- Daily closed clean below 1.1300 major monthly support & ascending trendline.
- Moving averages have also crossed bearish.
4hr:
- i do now expect a pullback into 1.1300 which has now turned into resistance for a retest before continuing lower.
Trade active
Trade closed manually
-5pips. Notice double bottom reversal on 4 hour
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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.