EURUSD high level overview linked.
This pair did exactly what we expected it would, a climb up to test resistance then a drop.
This pair has now broken the 4hr up trend line. Look to sell at the backside area of the up trend line down to 1.1625 area.
Indicators:
1. RSI in sell zone
2. Backside of resistance area tested and bounced off.
3. Daily bear strong candlestick.
Entry 1 @ 1.1755
Entry 2 @ 1.1770
TP 1 @ 1.1700
TP 2 @ 1.1626
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
This pair did exactly what we expected it would, a climb up to test resistance then a drop.
This pair has now broken the 4hr up trend line. Look to sell at the backside area of the up trend line down to 1.1625 area.
Indicators:
1. RSI in sell zone
2. Backside of resistance area tested and bounced off.
3. Daily bear strong candlestick.
Entry 1 @ 1.1755
Entry 2 @ 1.1770
TP 1 @ 1.1700
TP 2 @ 1.1626
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Comment:
First sell entry hit, price can still retest 1.1800 for another entry.
Comment:
Trade signal closed @ 70 pips gain. Protect profits, we can reenter on retrace.
