EUR/USD - SHORT
MONTHLY
- MA's Suggesting further bearish momentum short and long term
WEEKLY
- MA's Also suggesting a bearish sentiment
- We did have short term swing back to the upside from a LWP i think that's just a reflection of short term P.A on the daily
DAILY
- Market structure indicating / showing LL + LH's the anticipation here is to sell whilst predicting this region or zone is the new LH point
- 3 Test point of trendline
- Market resistance
- FIB - 78.6% Confluence
HOURLY
- Strong dragonfly doji on 8H
- Bearish engulfing on the 6 - 4 Hour
- Shooting star on the daily
With all these confluence i've build a case to suggest a further decline in the EU is more than possible.
Target's are based upon recent market structure the DOTTED structure level will be used as T.1 Daily will be final targets then to reevaluate from there depending on how the market is moving at the time.
- MA's Suggesting further bearish momentum short and long term
WEEKLY
- MA's Also suggesting a bearish sentiment
- We did have short term swing back to the upside from a LWP i think that's just a reflection of short term P.A on the daily
DAILY
- Market structure indicating / showing LL + LH's the anticipation here is to sell whilst predicting this region or zone is the new LH point
- 3 Test point of trendline
- Market resistance
- FIB - 78.6% Confluence
HOURLY
- Strong dragonfly doji on 8H
- Bearish engulfing on the 6 - 4 Hour
- Shooting star on the daily
With all these confluence i've build a case to suggest a further decline in the EU is more than possible.
Target's are based upon recent market structure the DOTTED structure level will be used as T.1 Daily will be final targets then to reevaluate from there depending on how the market is moving at the time.
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.