Euro / U.S. DollarShort
TREND CONTINUATION TRADE FOR UPCOMING WEEK - EURUSD - SHORT
SEE PICS BELOW FOR FULL VIEW!
DAILY CHART
- price still in a strong downtrend
- price not broken above structure level 1.14860
- nice strong bearish candle closed this previous weekhttps://www.tradingview.com/x/4JV2YqTQ/
4 HOUR CHART
- price in a strong downtrend
- price been respecting downtrend trendline
- possible pullback and entry of this timeframe
- green area supporting 61.8 and 50.0 fib levels
https://www.tradingview.com/x/kS4gjdOu/
1 HOUR CHART
- 3 timeframe confluence with the other 2 timeframes being in a downtrend
- price could pullback to level 1.13392
- 1.13392 level has been tested as S/R in the past
https://www.tradingview.com/x/kPvi1gaI/
TARGET
- TP 1.12200
DAILY CHART
- price still in a strong downtrend
- price not broken above structure level 1.14860
- nice strong bearish candle closed this previous weekhttps://www.tradingview.com/x/4JV2YqTQ/
4 HOUR CHART
- price in a strong downtrend
- price been respecting downtrend trendline
- possible pullback and entry of this timeframe
- green area supporting 61.8 and 50.0 fib levels
https://www.tradingview.com/x/kS4gjdOu/
1 HOUR CHART
- 3 timeframe confluence with the other 2 timeframes being in a downtrend
- price could pullback to level 1.13392
- 1.13392 level has been tested as S/R in the past
https://www.tradingview.com/x/kPvi1gaI/
TARGET
- TP 1.12200
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.
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.