EURUSD made a strong downward move after putting in a double top.
Made a 618 retracement.
Looks like it may be beginning to break out of the minor upward channel, but is sitting on nice structure + 382 retracement line.
If the channel breaks down I'll be looking for a short position on a bounce back to 1.0725
Made a 618 retracement.
Looks like it may be beginning to break out of the minor upward channel, but is sitting on nice structure + 382 retracement line.
If the channel breaks down I'll be looking for a short position on a bounce back to 1.0725
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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.