Potential SELL on EUR/USD 1h and 4h
Here as you can see I have found a potential SELL on EUR/USD seen on screen above.
Reasons for this are that that on the Fibonacci retracement tool, the price has fell below the 61.8 and is no retesting the 78.6, due to this I believe a sell is very possible.
However, if the price successfully retests, we could see a reversal to the 61.8 which would be a BUY signal.
Just a theory... let me know.
Thanks for reading.
Reasons for this are that that on the Fibonacci retracement tool, the price has fell below the 61.8 and is no retesting the 78.6, due to this I believe a sell is very possible.
However, if the price successfully retests, we could see a reversal to the 61.8 which would be a BUY signal.
Just a theory... let me know.
Thanks for reading.
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.