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MountOlympusFx

EURUSD Sell: Weekly, Daily & 4hr Breakdown!

Short
Euro / U.S. Dollar (FX:EURUSD)  
MountOlympusFx Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD Forex
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trendanalysis harmonicpatterns chartpattern eurusd forex
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EURUSD Short Thesis

Weekly:
- Last weeks candle closed as a bearish engulfing & Marubozu signalling strong sell strength.
- Previous Lows have been taken out.
- Moving averages are still bearish.

Daily:
- Daily closed clean below 1.1300 major monthly support & ascending trendline.
- Moving averages have also crossed bearish.

4hr:
- i do now expect a pullback into 1.1300 which has now turned into resistance for a retest before continuing lower.
Trade active
Trade closed manually:
-5pips. Notice double bottom reversal on 4 hour
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