EUR/USD another view. Not a signal to act, just observing..Short
A lot of you guys a currently bullish, but i want to share another view
Possible short trade if we do have a confirmation on current 4 H candle (3 hours till close)
Grey resistance - Weekly
5 Waves formed = abc correction move
2 Lower highs + 2 lower lows still valid
Recent rejection on 1H and 4H structure
Just now i'm seeing a pin bar forming on 1 H, Will wait till 4H candle close
Good signal to sell - bearish engulfing
1 HOUR VIEW
Possible short trade if we do have a confirmation on current 4 H candle (3 hours till close)
Grey resistance - Weekly
5 Waves formed = abc correction move
2 Lower highs + 2 lower lows still valid
Recent rejection on 1H and 4H structure
Just now i'm seeing a pin bar forming on 1 H, Will wait till 4H candle close
Good signal to sell - bearish engulfing
1 HOUR VIEW
Trade active:
Active trade, we have a bearish confirmation
Stop loss: 1.13115 or 1.13279 (less risk)
take profits:
TP 1 : 1.12333
TP 2 : 1.11206
Stop loss: 1.13115 or 1.13279 (less risk)
take profits:
TP 1 : 1.12333
TP 2 : 1.11206
Analyzing...
Still waiting 2:30 till 4h candle close, if a nice beautiful bearish momentum - the short trade is valid