Euro / U.S. DollarUpdated EUR/USD Possible Sell
1.) Possible reset of this H&S support breakthrough
which is now resistance (if price rejects)
2) Wait for price to draw back to trend line / resistance and fail to look for sell
3. If it draws back to this zone its at the 50% drawback of last drop
LOOK FOR RESISTANCE & REVERSAL CANDLE BEFORE ENTRY
GOLD BOX IS POTENTIAL ENTRY AREA
which is now resistance (if price rejects)
2) Wait for price to draw back to trend line / resistance and fail to look for sell
3. If it draws back to this zone its at the 50% drawback of last drop
LOOK FOR RESISTANCE & REVERSAL CANDLE BEFORE ENTRY
GOLD BOX IS POTENTIAL ENTRY AREA
Note
Still possibly a valid trade. I would wait for price to fall back into the trend line, then retest that area before selling
OR price could rise a bit more & possibly reject 1.1289 area before taking a sell.
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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.