Euro / U.S. DollarShort
02-08-2022 _ Short Term Bearish Idea _ EURUSD H4
1- Bearish Trending Structure.
2- Correction to 50% Fibo. Retracement suggesting a pullback.
3- Bearish Divergence between B and D suggesting a move down.
4- Three Black Crows candlestick pattern suggesting a bearish move.
Therefore, enter at the valid breakout of the most recent trendline.
Target 1 @ 1.010
Target 2 @ 1.000
Protection @ 1.040
2- Correction to 50% Fibo. Retracement suggesting a pullback.
3- Bearish Divergence between B and D suggesting a move down.
4- Three Black Crows candlestick pattern suggesting a bearish move.
Therefore, enter at the valid breakout of the most recent trendline.
Target 1 @ 1.010
Target 2 @ 1.000
Protection @ 1.040
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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.
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.