forex major losing bullish potential
Updated
Euro/U.S.Dollar has been struggling to push higher than @ 1.4 as price found support around the 1.13546 areas , currently daily supply peak @ 1.13546 is in control and price has formed several OHLC candles below bullish trendline and even retested supply zone that caused the breakout , this indicates a shift in momentum. Price has also retested top of bearish trendline adding further confluence that price is indeed loosing bullish potential.
I am going short on the currency pair with targets at @ 1.11861 (weekly low)
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” —Jimmy Dean
I am going short on the currency pair with targets at @ 1.11861 (weekly low)
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” —Jimmy Dean
Trade closed: target reached
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.