Price has completed an AB=CD pattern RIGHT at the 61.8% Fibonacci level
Following an attempt to breakout above the past 3-week highs at 1.19, price closed much lower, forming a bearish rejection candle on the weekly (this is also a triple top on the daily timeframe)
4H has already fallen below the 50EMA
Look for opportunities to sell
EURUSD until 1.14 (38.2%)
Following an attempt to breakout above the past 3-week highs at 1.19, price closed much lower, forming a bearish rejection candle on the weekly (this is also a triple top on the daily timeframe)
4H has already fallen below the 50EMA
Look for opportunities to sell
EURUSD until 1.14 (38.2%)
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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.