We are looking at a retrace for EURUSD to test the backside of the broken up trend line. This will pull the RSI into the sell zone giving us a prime entry.
1. Up trend line broken south
2. Main direction is sell.
3. Weekly Resistance rejected and expected to hit bottom channel.
4. We have a demand zone that has not hit near 1.1500. Expect a retrace to this area.
Entry @ 1.1770
TP @ 1.1620
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth, 1233 Pips
1. Up trend line broken south
2. Main direction is sell.
3. Weekly Resistance rejected and expected to hit bottom channel.
4. We have a demand zone that has not hit near 1.1500. Expect a retrace to this area.
Entry @ 1.1770
TP @ 1.1620
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth, 1233 Pips
Comment:
Price has climbed to test left shoulder, good sell entry.
Comment:
Price sell limit hit Nov 3, TP area hit Nov 4. Will update trade on new sell opportunities shortly.
