This looks like a possible sell entry on eurusd. Right now it is too early to say if it we will open a trade but it looks like it failed to break the hourly trendline. It is now falling back and depending on whether or not it breaks my maroon trendline and the 200 ema it could be the sell entry we are looking for.
However, due to there being another trendline it needs to break it may be another few hours or so until we get confirmation.
This is about 50-55 pips if all confluences are met for the entry signal. I will update this post so follow me if you like this idea.
However, due to there being another trendline it needs to break it may be another few hours or so until we get confirmation.
This is about 50-55 pips if all confluences are met for the entry signal. I will update this post so follow me if you like this idea.
Note
Beautiful break of structure. We are waiting for the pull back to enter.
Note
Entered the trade! Huge momentum on the hourly and there were enough confluences met to enter the trade.
Trade closed: target reached
55 pips secured! Thanks for looking
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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.