Euro / U.S. DollarShort
Shorting EURUSD, awaiting for price entry point to add shorts
From the 4h chart, we can see that it has broken down from the bullish trend line (green dotted line) and is now hovering in the triangle zone. This can either go back to the support turn resistance line at 1.110 and goes sideway for a while before continue its descent.
It could also heads further south from the triangle zone without any pullback so if you are shorting and want to add more to your positions, please watch the chart closely.
Do note that unlike the other pair, this is one of the more conservative (aka boring pair) so do not expect too much volatility intraday. So be patient.
Please DYODD
It could also heads further south from the triangle zone without any pullback so if you are shorting and want to add more to your positions, please watch the chart closely.
Do note that unlike the other pair, this is one of the more conservative (aka boring pair) so do not expect too much volatility intraday. So be patient.
Please DYODD
Note
Proft target 1 achieved
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.
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.