Euro / U.S. DollarShort
EURUSD SUPPORT BREAK AND RETEST CYCLE AGAIN
Pair: EURUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, retracement trade (pullback)
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Key Takeaway: The pair has been repeating the same pattern of breaking, re-testing and reversing from significant levels of support for some time and as we can see here we are about to repeat the same pattern again. We are waiting for price to hit these high levels of reaction and then looking for high bearish momentum as confirmation for short entry
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Level needed: need a close by —
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Trade: SHORT
RISK:REWARD —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, retracement trade (pullback)
—————
Key Takeaway: The pair has been repeating the same pattern of breaking, re-testing and reversing from significant levels of support for some time and as we can see here we are about to repeat the same pattern again. We are waiting for price to hit these high levels of reaction and then looking for high bearish momentum as confirmation for short entry
—————
Level needed: need a close by —
—————
Trade: SHORT
RISK:REWARD —
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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