EUR/USD POTENTIAL SHORT
WEEKLY TIMEFRAME
EUR/USD !! It have a downward channel at which we see price action respecting, and when you change from candlestick to line graph we see price currently on the "weekly resistance" which gives it more confirmation for a downward continuation, Also positive NFP data that gives the dollar strength.SO we have a complete retest of the previous lower high
DAILY TIMEFRAME
So We notice a break of structure in daily from downtrend to uptrend which indicates a shift of momentum to the upside.we see price closing with a pin bar on the daily. showing massive rejection. on the weekly resistance . since price still maintains the uptrend we need to see at least 31.8 to 61.8% retracement before entering for a potential short
H4 &H1 TIMEFRAME
we clearly can define the bounders . we see price forming "higher highs" and "higher lows" ,i think maybe we could see a potential head and shoulder pattern before a move the the downside. so we need to see price retest the left shoulder high and reject before confirmation of short
our EUR/USD SHORT
target 1=1.11100
target 2 =1.10900
Target 3=1.10700
thank you and please follow me to get more updates
EUR/USD !! It have a downward channel at which we see price action respecting, and when you change from candlestick to line graph we see price currently on the "weekly resistance" which gives it more confirmation for a downward continuation, Also positive NFP data that gives the dollar strength.SO we have a complete retest of the previous lower high
DAILY TIMEFRAME
So We notice a break of structure in daily from downtrend to uptrend which indicates a shift of momentum to the upside.we see price closing with a pin bar on the daily. showing massive rejection. on the weekly resistance . since price still maintains the uptrend we need to see at least 31.8 to 61.8% retracement before entering for a potential short
H4 &H1 TIMEFRAME
we clearly can define the bounders . we see price forming "higher highs" and "higher lows" ,i think maybe we could see a potential head and shoulder pattern before a move the the downside. so we need to see price retest the left shoulder high and reject before confirmation of short
our EUR/USD SHORT
target 1=1.11100
target 2 =1.10900
Target 3=1.10700
thank you and please follow me to get more updates
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