We are looking at a retrace for EURUSD to test the backside of the broken up trend line. This will pull the RSI into the sell zone giving us a prime entry.
1. Up trend line broken south
2. Main direction is sell.
3. Weekly Resistance rejected and expected to hit bottom channel.
4. We have a demand zone that has not hit near 1.1500. Expect a retrace to this area.
Entry @ 1.1770
TP @ 1.1620
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth, 1233 Pips
1. Up trend line broken south
2. Main direction is sell.
3. Weekly Resistance rejected and expected to hit bottom channel.
4. We have a demand zone that has not hit near 1.1500. Expect a retrace to this area.
Entry @ 1.1770
TP @ 1.1620
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth, 1233 Pips
Note
Price has climbed to test left shoulder, good sell entry.Note
Price sell limit hit Nov 3, TP area hit Nov 4. Will update trade on new sell opportunities shortly.
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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.