Euro / U.S. DollarShort
Short EUR/USD
The price has break out from the middle term up trend channel and current is running inside a middle term down trend channel.
The price retracted back to the previous support line which current work as pressure line. It couched the down Guppy EMA which could be pressure area. If it like to perform a correct ABCDE Elliott wave, it has to continue moving down to generate C wave.
The SlowStoch is in over bought level in 4 hours time frame and crossed.
RSI retracted back to 50 level which could be pressure area.
Looking for short and idea profit position is previous low and the E point position.
The price retracted back to the previous support line which current work as pressure line. It couched the down Guppy EMA which could be pressure area. If it like to perform a correct ABCDE Elliott wave, it has to continue moving down to generate C wave.
The SlowStoch is in over bought level in 4 hours time frame and crossed.
RSI retracted back to 50 level which could be pressure area.
Looking for short and idea profit position is previous low and the E point position.
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.