EUR/USD - Short Setup Pending For Next Week. Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 4, 2020 3:40 PM

Potential Head and Shoulders with 78.60% and Trendline Align.

Target 1.11000 (Daily Gap Level To Fill)

All the best. Thank You 👽

Trend Analysis lol

Comments

Treader777

⋅ Jul 4, 2020 4:58 PM

I have quastaion ..
do you think after open the market on monday EURUSD go to down dierctly or go to up ?

RafaelMSR

⋅ Jul 4, 2020 5:07 PM

@Treader777, If you look at the Weekly timeframe the wicks are lower, so I think is a lot of sell pressure and the price need to retrace a bit before making new Highs.

So it's a Medium Term Sell in my opinion.

RafaelMSR

⋅ Jul 4, 2020 5:08 PM

@Treader777, If the price form this head and shoulders I belive the market go push to 1.11000 and then make the move higher.

Treader777

⋅ Jul 4, 2020 5:29 PM

@RafaelMSR, good idea , I hope go to down dierect because I have sell open on friday my target 1.12188 but this high risk deal