+240 pips EURUSD XABCD Short From PRZ/D Advanced🔸Hello traders, let's review the 4 hour chart for EURUSD. Strong gains off the lows recently, however price getting overextended and expecting reversal later at/near PRZ/D.
🔸Speculative XABCD structure defined by point X 0600 point A 0200 point B 0500 point C 0250 point D/PRZ 0660/0680 still pending.
🔸Currently most points validated, point D/PRZ still pending 0660, so traders should wait until we hit D before SHORTING.
🔸Recommended strategy for EUR traders: wait for price to max out to complete at point D near 0660/0680, short/hold, SL 60 pips, TP1 +240 pips TP2 +380 pips Final exit TP at 0240. SHORT/HOLD at point D/PRZ at 0660. swing trade setup. keep in mind this is a swing trade setup, patience required.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.