Euro / U.S. DollarShort
EURUSD 4hrs/Daily Short Opportunity
EURUSD 4hrs/Daily Short Opportunity
EURUSD has been testing the Resitance of Weekly channel and seems to be forming a triangle now with possibility of reversal and start of downward move within the weekly channel. Divergence clearly visible in the weekly trend.
Entry point: 1.23
SL: 1.253
TP1: 1.2165 (above next 4 hours support)
TP2: 1.21 (above 4 hours S2)
TP3: 1.195 (above 4 hours S3)
TP4: 1.1772 (above 78.6% fibonachi reversal level of wave 5 in daily trend)
Wait for reversal confirmation before entry
EURUSD has been testing the Resitance of Weekly channel and seems to be forming a triangle now with possibility of reversal and start of downward move within the weekly channel. Divergence clearly visible in the weekly trend.
Entry point: 1.23
SL: 1.253
TP1: 1.2165 (above next 4 hours support)
TP2: 1.21 (above 4 hours S2)
TP3: 1.195 (above 4 hours S3)
TP4: 1.1772 (above 78.6% fibonachi reversal level of wave 5 in daily trend)
Wait for reversal confirmation before entry
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.