Euro / U.S. DollarShort
EURUSD Intraday Analysis (300 Pips GAINED Last Week!)
Updated
Last week's analysis and daily updates will be linked in "Related Ideas" below. The marked up Price Ranges were all won and loss moves! THIS WEEK EU's within a channel moving upwards and has reached a strong resistance level. What we'd like to see is rejection at this level and a drop down to the 0.5 fib level, which's also at resistance. From there, we're expecting a reversal near the trend line for a long position, a break through the level and up to the previous high's liquidity at the upper trend line. We will receive our confirmations on lower time frames, and based on higher time frames we are also in the middle of a bigger up channel. Feel free to leave a comment with your opinions below!
Trade active
Enter!Trade closed: target reached
Double Top on all time frames! Entry on top - 100 Pips, Entry at neckline - 50 PipsTrade closed: target reached
Our targets were reached for the sell, in this area we were looking for a rejection of the Trend line or a break through down to the mid level. EU then rejected the Trend line and we entered for a long position, TP at the top level was hit for 60-80 Pips.
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