Euro / U.S. DollarShort
EUR/USD SHORT
*FROM THE WEEKLY AND DAILY TIME-FRAME PRICE SEEMS TO BE FORMING A POSSIBLE M PATTERNAFTFER SEEING REJECTION AT THE 1.3390 PRICE LEVEL.
*FROM THE 4-HOUR AND 1-HOUR TIME FRAME WE CAN SEE THAT PRICE HAS CREATED A LOWER HIGH WITH STRONG REJECTION AROUND THE RESISTANCE LEVEL 1.3446
*AT THE 4- HOUR AND 1 HOUR WE MAY POSSIBLE SEE SOME CONSOLIDATION BEFORE GETTING A BREAK.
TRADE IDEAS
1. PRICE WILL CONTINUE TO FALL CREATING LOWER HIGHS AND LOWER LOWS FOR THE FOLLOWING POSSIBLE TP LEVELS. TP-1: 1.12629, TP-2: 1.12094, TP-3: 1.11802
2. PRICE WILL CONTINUE BOUNCING BETWEEN THE WEDGE THEN BREAKOUT EITHER DIRECTION.
*FROM THE 4-HOUR AND 1-HOUR TIME FRAME WE CAN SEE THAT PRICE HAS CREATED A LOWER HIGH WITH STRONG REJECTION AROUND THE RESISTANCE LEVEL 1.3446
*AT THE 4- HOUR AND 1 HOUR WE MAY POSSIBLE SEE SOME CONSOLIDATION BEFORE GETTING A BREAK.
TRADE IDEAS
1. PRICE WILL CONTINUE TO FALL CREATING LOWER HIGHS AND LOWER LOWS FOR THE FOLLOWING POSSIBLE TP LEVELS. TP-1: 1.12629, TP-2: 1.12094, TP-3: 1.11802
2. PRICE WILL CONTINUE BOUNCING BETWEEN THE WEDGE THEN BREAKOUT EITHER DIRECTION.
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