Euro / U.S. DollarShort
EU reached daily resistance
Updated
in D1 TF, price reached resistance area. Zoom in to lower time frame (4H), price started slowly to make new high.
If pull trendline, price broke trendline and retrace to find fresh supply. In yellow box, flag limit or demand area has been broken and make retracement. *pull fibonaci from last swing in TF 4H and touched 2.618 (which is golden area for reversal) and divergence in MACD
My opinion price will make lower low and try to break fresh demand in flag limit daily
For SL, put few more pips in daily resistance (white box)
1st TP in yellow box
2nd TP in white box (flag limit daily)
3rd TP in start of trend line (origin zone)
*flag limit is confirmation before price break base (Supply and Demand)
Do with your own risk, keep money management
If pull trendline, price broke trendline and retrace to find fresh supply. In yellow box, flag limit or demand area has been broken and make retracement. *pull fibonaci from last swing in TF 4H and touched 2.618 (which is golden area for reversal) and divergence in MACD
My opinion price will make lower low and try to break fresh demand in flag limit daily
For SL, put few more pips in daily resistance (white box)
1st TP in yellow box
2nd TP in white box (flag limit daily)
3rd TP in start of trend line (origin zone)
*flag limit is confirmation before price break base (Supply and Demand)
Do with your own risk, keep money management
Trade active
Trade closed: stop reached
stop loss
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.