EURUSD retracement
this chart is a bit messy but i think that it includes most of the trendlines that are worth taking note of.
MACD has rolled over and is signalling a long position. there are a few possible wedges that could be drawn, we are already below one of them. Im looking for a retrace to around 1.373 and looking to add more shorts.
The large red line is a weekly down trend line that is of great importance. If we over come that for multiple days the short position has to be reconsidered.
MACD has rolled over and is signalling a long position. there are a few possible wedges that could be drawn, we are already below one of them. Im looking for a retrace to around 1.373 and looking to add more shorts.
The large red line is a weekly down trend line that is of great importance. If we over come that for multiple days the short position has to be reconsidered.
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