EURUSD Short Opportunity
We have a descending triangle which is a nice topping formation. The price action is currently touching the top of the triangle. Both Stoch and RSI are oversold. Aggressive traders can go short now with stops above the swing high. I personally will go short only on a break below 1.17250. Take profit levels are shown on the chart. Good luck guys!
Commodore loves you! :)
Commodore loves you! :)
Trade active
Let's short this to the ground guys!Note
The price movement was rejected at the bottom of the triangle, and we now seem to have broken to the upside. There's something fishy to note about this though: the upward movement is on very light volume and it doesn't seem legit to me. Don't be fooled into going long. Let's wait for more clarityNote
Well, I said something about the increase in price being dubious, didn't I? :DNote
My shorts were triggered and it's really fineNote
Currently in the first take profit regionTrade closed: target reached
First target reached and exceeded. Congrats!Trade closed: target reached
Second target reached. Congrats! :)
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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.