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CapitalMarketsLTD

EURUSD Short Formation

Short
Euro / U.S. Dollar (FX:EURUSD)  
CapitalMarketsLTD Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
EURUSD
We have two new HHs in what's now looking to be an ascending Channel, one HL and expecting the next leg down HL to breakdown or bounce off the TL.

We have a Bearish and Bullish Three-Drive on chart either pointing to one more leg down "if they are correct."

#US-China meeting next week at G20

Short term profits TP1/2 focus.

We have SL (-70Pips) a little above next Resistance @1.1420 (Green Box), this will mean a breakout from channel (I doubt or a FAKEY)

Updates...
Comment:
Sell $EURUSD
TP1/2 +30/+50 hit SL @TP1
Always trail your SL to safeguard your profits. You can take partial profits.
Trade closed: target reached:
TP3 DONE
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