Euro / U.S. DollarShort
Time for a correction in EUR/USD?
EUR/USD is going up relentlessly. Price is up by almost 400 pips without
any significant correction over the past 3 weeks.
Currently, price has reached the upper trend line of the pattern in the 4 hour chart.
If bearish price action happens in the red area that I have marked in the chart, then
there's a good chance for a drop to the 1.1900 level.
Possible Signal: Sell EUR/USD@1.2075-1.2100
SL:1.2150
TP:1.1900
Sell only if bearish candlesticks are formed at the upper TL.
any significant correction over the past 3 weeks.
Currently, price has reached the upper trend line of the pattern in the 4 hour chart.
If bearish price action happens in the red area that I have marked in the chart, then
there's a good chance for a drop to the 1.1900 level.
Possible Signal: Sell EUR/USD@1.2075-1.2100
SL:1.2150
TP:1.1900
Sell only if bearish candlesticks are formed at the upper TL.
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.
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.