EURUSD Analysis: Multi-Timeframe Shorting Opportunity
Here’s a detailed look at the EURUSD across multiple timeframes:
Weekly Chart:
- The market is in a sideways consolidation phase.
- The upper trendline has been respected, indicating a potential downside movement.
Daily Chart:
- Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity.
1-Hourly Chart:
- I’m eyeing a retest of the resistance at 1.0863 for a shorting opportunity.
What’s your trade plan for EURUSD? Comment down below and share your insights!
Happy trading!
Weekly Chart:
- The market is in a sideways consolidation phase.
- The upper trendline has been respected, indicating a potential downside movement.
Daily Chart:
- Watch for a retest of the Fib-3 Bat Pattern, which could offer a prime shorting opportunity.
1-Hourly Chart:
- I’m eyeing a retest of the resistance at 1.0863 for a shorting opportunity.
What’s your trade plan for EURUSD? Comment down below and share your insights!
Happy trading!
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Live session & Trading Tips on the GO
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