Euro / U.S. DollarShort
EURUSD - Rejected Off Descending Resistance
Taking a look at the daily timeframe, price action did in fact arrive as previous explained but now we look for a possible correct with this pair.
See previous analysis below.
On screen you can see that I'm first waiting for a bullish pullback from yesterday's rejection candle to then enter some shorts to the downside.
This setup is only a 1:1.39 risk to reward but has great chances of becoming a winner.
Trade Safe
See previous analysis below.
On screen you can see that I'm first waiting for a bullish pullback from yesterday's rejection candle to then enter some shorts to the downside.
This setup is only a 1:1.39 risk to reward but has great chances of becoming a winner.
Trade Safe
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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.