Waiting For Double Top To Complete For Shorts
s3.amazonaws.com/tradingview/snapshots/c/cuuQwzIi.png
So I'm expecting EURUSD to fall to 1.18040 zone before heading back up to 1.18725 zone which aligns with the descending triangle and double top formation and the new downtrend line proceeding the head and shoulder pattern, this also aligns with the possible shoulder being completed...
So long story short, waiting for price to jump to the pink resistance level and will look to short the market at this level using my CCI tool, if divergence forms at this level then its a very strong shorting opportunity with a very good risk reward ratio.
you can also look for buy opportunity off that 1.18040 zone with target at the pink line and stop below 1.18040
I know my charts are overloaded, don't be confused, the BLUE arrows are my predictions
just waiting now for the prophecy to be fulfilled
So I'm expecting EURUSD to fall to 1.18040 zone before heading back up to 1.18725 zone which aligns with the descending triangle and double top formation and the new downtrend line proceeding the head and shoulder pattern, this also aligns with the possible shoulder being completed...
So long story short, waiting for price to jump to the pink resistance level and will look to short the market at this level using my CCI tool, if divergence forms at this level then its a very strong shorting opportunity with a very good risk reward ratio.
you can also look for buy opportunity off that 1.18040 zone with target at the pink line and stop below 1.18040
I know my charts are overloaded, don't be confused, the BLUE arrows are my predictions
just waiting now for the prophecy to be fulfilled
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.