The EUR/USD monthly structure, viewed on a daily timeframe, indicates a SELL setup. The TDI (Traders Dynamic Index) has already shown a bearish cross, signaling the presence of sellers in the market. Additionally, the candle formation at resistance is an evening star pattern, which is a reversal indicator. On a smaller timeframe (H4), a triple top formation is visible at resistance.
Targets for take profit are as follows:
- First take profit: 1.07831
- Second take profit: 1.07484
- Third take profit (monthly open): 1.07138
Ensure to wait for valid entry signals before executing trades.
Trade with caution. If you find this analysis useful, please like, follow, share, and leave a comment.
Targets for take profit are as follows:
- First take profit: 1.07831
- Second take profit: 1.07484
- Third take profit (monthly open): 1.07138
Ensure to wait for valid entry signals before executing trades.
Trade with caution. If you find this analysis useful, please like, follow, share, and leave a comment.
Trade closed: target reached
DONE AND DUSTED
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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.