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Euro / U.S. Dollar
Short
Updated

EURUSD Expect short term reversal move

1271

Hi everyone:

Also looking good for potential reversal is EURUSD.

Here we see price formed an ascending channel within the larger parallels channel, then price pushed down to show us some LTF bearish momentum.

Since price is still within the channel, waiting for extra confirmation with a continuation correction on the LTF would be ideal.

Alternatively, if price bounce up from the bottom of the channel, then look for a reversal from the top.

Thank you
Note
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jojofang0901
Also on:
Chart PatternscorrectionFlagimpulseParallel Channelpatternpriceactionstructure

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Chart PatternscorrectionFlagimpulseParallel Channelpatternpriceactionstructure
jojofang0901
Also on:

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.