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rkarara
Nov 9, 2018 10:36 PM

SHORT IDEA FOR NEXT WEEK - EURUSD - 4 HOUR CHART Short

Euro Fx/U.S. DollarFXCM

Description

SEE PICS BELOW!

WEEKLY CHART
- price currently in a donwtrend
- this weeks weekly candle closed below previous lower low
- nice rejection from the monthly key level


DAILY CHART
- price in a downtrend (confluence with weekly chart)
- price broken through level 1.13668 with two strong bearish candles


4 HOUR CHART
- price in a downtrend (three timeframes with confluence for a downtrend)
- price broken the previous low to make a lower low
- for price to signal an uptrend, price will have to break 1.14922 level
ENTRIES
- either price will pullback to levels 1.13668 or the monthly key level of 1.14509 level


TARGET
- price target would be next S/R level which is 1.12833


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