I have a Bearish Stance on the EURUSD...
- Price Divergence Between EURUSD and GBPUSD. EURUSD Made HH and GBPUSD made HL.
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR
- TP#1 Previous Week's Low (Black Line)
- TP#2 Previous Consolidation Area (Purplish Area) + 127% FIBO Level
Use at own risk...Am a rookie!
- Price Divergence Between EURUSD and GBPUSD. EURUSD Made HH and GBPUSD made HL.
- Previous Day LOW Broken - indicating lower price (or it might be a false break...)
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's LOW
- 1:2+ RR
- TP#1 Previous Week's Low (Black Line)
- TP#2 Previous Consolidation Area (Purplish Area) + 127% FIBO Level
Use at own risk...Am a rookie!
Trade active
Holding until tomorrow Frankfurt Open 2am est.Trade closed: stop reached
REKT!
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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.