EURUSD Look for sell out of the correction
Hi traders:
Similar opportunities on most of the USD pairs.
We see price action has been in this larger structure since the up move, and now has show signs of reversal structures.
Price has been correctively moving up in this ascending channel, and hit the top of the structure.
We see a quick lower time frame move down, and a small correction in the making.
For me, the confirmation would be a breakout from this channel structure, and continuation correction to take the trade down.
Thank you
Similar opportunities on most of the USD pairs.
We see price action has been in this larger structure since the up move, and now has show signs of reversal structures.
Price has been correctively moving up in this ascending channel, and hit the top of the structure.
We see a quick lower time frame move down, and a small correction in the making.
For me, the confirmation would be a breakout from this channel structure, and continuation correction to take the trade down.
Thank you
Note
Related publications
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.
Related publications
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.