Bias Bearish
Fundamental Analysis
EUR is weakening
USD is strengthening due to PE
Price Action:
Price rejected from Daily SR and formed a H&S pattern. Price then break the H&S neckline H4 SR level and close lower. price is currently consolidating to high likely to break lower and head lower.
Set up:
Short trade entry at broken H4 SR level (neckline).
SL is based on 2x ATR(20) - volatility based trading
TP is Daily SR level low R:R 1:8
Fundamental Analysis
EUR is weakening
USD is strengthening due to PE
Price Action:
Price rejected from Daily SR and formed a H&S pattern. Price then break the H&S neckline H4 SR level and close lower. price is currently consolidating to high likely to break lower and head lower.
Set up:
Short trade entry at broken H4 SR level (neckline).
SL is based on 2x ATR(20) - volatility based trading
TP is Daily SR level low R:R 1:8
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.
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.