Euro / U.S. DollarShort
EURUSD still failing at Supply Zone
EURUSD is still failing to break through the supply zone .
Price had formed a textbook bearish pennant before attempting a breakout and being pushed back into the pennant after meeting strong resistance at the Supply Zone .
This is still a strongly bearish continuation pattern, and the push back up to the Supply Zone has offered us a fantastic risk/reward short possibility, as a break below the pennant and a further break of the 1.118 level would be already be close to a 3 R trade, and then it could really run.
This is NOT financial advice. You are responsible for your own trading decisions.
** Please like and follow if you agree **
Any comments or questions I'll be waiting in the comments 👍
Price had formed a textbook bearish pennant before attempting a breakout and being pushed back into the pennant after meeting strong resistance at the Supply Zone .
This is still a strongly bearish continuation pattern, and the push back up to the Supply Zone has offered us a fantastic risk/reward short possibility, as a break below the pennant and a further break of the 1.118 level would be already be close to a 3 R trade, and then it could really run.
This is NOT financial advice. You are responsible for your own trading decisions.
** Please like and follow if you agree **
Any comments or questions I'll be waiting in the comments 👍
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