Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : EURUSD
Time-Frame : Daily
Biased
Short / Bearish : A descending daily channel has been identified with the allocated black trendlines . As shown with the green and red arrows the trend lines has been respected with strong rejections and and now rejections is taking place in a area deemed as and false breakout zone , ill be waiting for price action to provide potential trade for down side. ( Circled area )
There's also a potential inverse head and shoulders forming which can be potential targets if my outlook plays out towards the resistant trendline. ( Which has currently done )
Pair : EURUSD
Time-Frame : Daily
Biased
Short / Bearish : A descending daily channel has been identified with the allocated black trendlines . As shown with the green and red arrows the trend lines has been respected with strong rejections and and now rejections is taking place in a area deemed as and false breakout zone , ill be waiting for price action to provide potential trade for down side. ( Circled area )
There's also a potential inverse head and shoulders forming which can be potential targets if my outlook plays out towards the resistant trendline. ( Which has currently done )
Note
Previous Post on EURUSD 
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.
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.