EUR USD SELL SETUP
Its forming hammer candlestick (d1), and i think the 1st impulse wave of wave c is forming
It is either 50% retracement or 61% retracement
Demand area is on 61% retracement so ill place tge target to 50% retracement but i will start to think about buy action at 61% retracement
And because its predicted as wave C, i warn the people who take buy position, wave C suppose to be sharp and scary
Some people think its an uptrend due to this 2 days
But i then this hammer appears
This sell set up will be invalid if the price break the hammer candlestick ... so the risk reward ratio is awesome
Good luck!
What do you think guys? Any comment?
It is either 50% retracement or 61% retracement
Demand area is on 61% retracement so ill place tge target to 50% retracement but i will start to think about buy action at 61% retracement
And because its predicted as wave C, i warn the people who take buy position, wave C suppose to be sharp and scary
Some people think its an uptrend due to this 2 days
But i then this hammer appears
This sell set up will be invalid if the price break the hammer candlestick ... so the risk reward ratio is awesome
Good luck!
What do you think guys? Any comment?
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.