Get started
Aurocks_AIF

EURUSD after weekly close at the top of channel

Short
Euro / U.S. Dollar (FX:EURUSD)  
Aurocks_AIF Updated   
FX:EURUSD   Euro / U.S. Dollar
euro dollar EURUSD EU correction Parallel Channel fibo FI support Divergence Moving Average Convergence / Divergence (MACD)
8
0
euro dollar eurusd eu correction parallelchannel fibo fi support divergence macd
Seems like correction is over at the top of the channel with the red candle testing it and negative div on MACD. Looking forward to breaking next important support area, after 2 attempts failed (first one after finding support on 0.382 fibo level and second one when testing the bottom of the channel).
Trade closed: stop reached:
Resistance broken
Comment:
Decided to enter at the next resistance, at 0.618 retrace, SL at BE now after candle closed under TL, which is a nice sign, looking forward now as previously to break 1.08 support.
Comment:

Related Ideas

Aurocks_AIF
EURUSD due for the awaited correction
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.