Higher timeframes are showing EU in an ascending channel pattern
Price has consistently pushed upwards and has recently interacted with the channel high parameters
Following this trend line bounce, we have seen the previous lows broken cleanly on the micro timeframes
If we get a solid close below, I would be looking at trying to get a scalp type entry with a small stoploss
I plan on taking 2 positions: one with a short term scalp target profit, and a longer term entry to hopefully catch the big sell off
Price has consistently pushed upwards and has recently interacted with the channel high parameters
Following this trend line bounce, we have seen the previous lows broken cleanly on the micro timeframes
If we get a solid close below, I would be looking at trying to get a scalp type entry with a small stoploss
I plan on taking 2 positions: one with a short term scalp target profit, and a longer term entry to hopefully catch the big sell off
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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.