EURUSD Divergence: Potential bearish ABCD start | 1.8% Target
Updated
EURUSD
Timeframe: 1Hr
Short Day Trading Position
Initial Take Profit : 1.068 (Uptrend channel correction = Pivot Point)
TP2: 1.062 (If break the pivot)
TP3: 1.056 or 1.053
SL: 1.077 (strong downtrend break upward)
The pair was in a bullish tunnel last week. At the end of the week, it touched the 4H downtrend and seems to test the upper side of the tunnel within the 1 hour timeframe, then bounce back to the tunnel's bottom, then an opportunity to break it and activate the ABCD pattern in the long run.
Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback for this idea if you have any opinion to share.
✽↝✔
Esteem your Analysis and seek improvements ⌁
AbdullahTech ♾
Timeframe: 1Hr
Short Day Trading Position
Initial Take Profit : 1.068 (Uptrend channel correction = Pivot Point)
TP2: 1.062 (If break the pivot)
TP3: 1.056 or 1.053
SL: 1.077 (strong downtrend break upward)
The pair was in a bullish tunnel last week. At the end of the week, it touched the 4H downtrend and seems to test the upper side of the tunnel within the 1 hour timeframe, then bounce back to the tunnel's bottom, then an opportunity to break it and activate the ABCD pattern in the long run.
Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback for this idea if you have any opinion to share.
✽↝✔
Esteem your Analysis and seek improvements ⌁
AbdullahTech ♾
Trade closed: stop reached
🙄
AbdullahTech
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