Short

Good time to enter short on EUR

Updated

Hello traders! We have a nice double-top on four hour chart, Euro just broke through the first support line and now sitting on top of the other. Ones the horizontal line is broken the double top structure will be confirmed.
I am expecting a rally and testing of the main uptrend support line. I have two targets set, the first one at 1.2220 and the second at 1.2050. My stop is just above 1.2480

Note

Approaching support line, bounce is very possible

Note

Target one reached, waiting for the pullback to end and carry on to the second target at 1.2050

FX_CouchPotato

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.