EUR USD Trade Setup weekly timeframe
On the weekly timeframe EUR USD has tapped on a strong supply level.
this level has also acted as a strong resistance level in the past.
So we will be looking for selling opportunities from the lower timeframe.
Patterns to watch out for.
1. Double Top
2. Head and shoulders pattern
3. Bearish break and retest + it must align with the 0.50 - 0.618 Fib Retracement level for stronger confirmation.
4. Lower timeframe supply levels.
Check next post to see the pattern i found.
On the weekly timeframe EUR USD has tapped on a strong supply level.
this level has also acted as a strong resistance level in the past.
So we will be looking for selling opportunities from the lower timeframe.
Patterns to watch out for.
1. Double Top
2. Head and shoulders pattern
3. Bearish break and retest + it must align with the 0.50 - 0.618 Fib Retracement level for stronger confirmation.
4. Lower timeframe supply levels.
Check next post to see the pattern i found.
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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.