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EURUSD REVERSALPrice has began Consolidating at a Known Pivot Point that hasn't been touched since 2020 and 2018. (Weekly Wicks/Buyer Exhaustion) H4 shows Break of structure/Support to push down. Price is very choppy currently where it is. (Countertrending Break/ Support Break) 2 OPTIONS: 1. Price on H4 has already broken support and it now at NEW found Resistance but consolidated. IT will push DOWN! 2. Price may consolidate a Tad bit more before the down push. (Patience) TP1/Projection: 1.20627 TP2/Projection: 1.20108
Short
by Treymarkuebethea
Possible investment idea for Aurora Cannabis (ACB)We can see in the chart that the is a possible SHS formation forming. For this to be valid we do need to have a break of the neckline first. The thing that we can do now is just trade it long with our take profit level at the neckline and with our stop loss level right below the fake out that we got in the chart. As mentioned in the chart we know that the fake out was because of the outcome of earnings. If you want a better risk-reward ratio you can also just place your stop loss just below the support zone. The only thing that is not good for me for this trade is the fundamental side of the trade. The company is not in a good financial state at the moment so if we would take this trade it would suggest you to keep that in mind when you are doing your risk management for this trade and trade smaller than normally.
A
by MaBaCapital2
2