Euro / U.S. DollarShort
EURUSD: Further Drop Anticipated.
DAILY:
1. Major Trend Reversal In Play = Bullish, But!
2. Price In Broad Base Channeling Up= Bullish But Broad Base Allows For Both Sides Trading (Long And Short )
3. Price Formed A Triangle @ Upper Part of Channel = Lower Channel Needs Testing
4. CONFLUENCE OF POINTS: Outer Downtrend Line+Triangle+ Upper Part Of Channel + Prior MODE Zone = Strong Resistance
5. Target Is Lower Part Of Channel
4H:
1.BX
2. Triangle BO And Follow Through(RE Bar)
3.11 Bar MODE
4. Target Is = Length Of Triangle Base
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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.