EURUSD is Bearish on the Daily TF, Looking to sell a 1.1060
EURUSD 1.0968
After breaking the Major Bull channel low, and the Wedge,
Looking to sell opportunity at the test of the wedge which will close the opening gap (hopefully)
Target is 1.0850 then 1.0750
Selling at this level is very aggressive as you are selling the lows with a huge gap above,
Wait for a decent retracement at 1.1080 up to 1.1120
Buying this level is just like catching a falling knife, as we are in the middle of a bear channel, and that would be considered as a counter trend, more conservative long should triggered between 1.0860 and 1.0750
With the current Greece referendum, a huge volatility expected to occur, we might see up to 200 pips daily candles size, be careful out there.
After breaking the Major Bull channel low, and the Wedge,
Looking to sell opportunity at the test of the wedge which will close the opening gap (hopefully)
Target is 1.0850 then 1.0750
Selling at this level is very aggressive as you are selling the lows with a huge gap above,
Wait for a decent retracement at 1.1080 up to 1.1120
Buying this level is just like catching a falling knife, as we are in the middle of a bear channel, and that would be considered as a counter trend, more conservative long should triggered between 1.0860 and 1.0750
With the current Greece referendum, a huge volatility expected to occur, we might see up to 200 pips daily candles size, be careful out there.
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.