EURUSD
Market conditions
This pair has been ranging for quite a while between 1.15000 and 1.17500. Recently came down to major weekly support line and broke it.
Confirmations
- Trend change in the market: LH/LL
- Broke major support
- Price has hit psychological resistance 1.14000
Notes
- Looking for an entry around the 50% retracement of the previous closing candle to enter a short position.
- Check lower timerframes to avoid premature entry.
For further information please leave a comment
Market conditions
This pair has been ranging for quite a while between 1.15000 and 1.17500. Recently came down to major weekly support line and broke it.
Confirmations
- Trend change in the market: LH/LL
- Broke major support
- Price has hit psychological resistance 1.14000
Notes
- Looking for an entry around the 50% retracement of the previous closing candle to enter a short position.
- Check lower timerframes to avoid premature entry.
For further information please leave a comment
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.