Euro / U.S. DollarShort
SHORT POTENTIAL
4H tf created a fake out having printed a long wick without a body candle closing above. Long wick on the other hand dignifying trend reversal for potential downward direction.
If price breaks previous low, which seems most likely, we will witness a pullback to test support again. If support holds off price from further upward movement by closing below long wick, bearish trend is establish.
Target 1H support area as take profit
If price breaks previous low, which seems most likely, we will witness a pullback to test support again. If support holds off price from further upward movement by closing below long wick, bearish trend is establish.
Target 1H support area as take profit
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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.